A 60-year-old individual has been arrested for apparently heading a racket that had deceived at least 2.5 crores from some 45 persons under the attire of being a Cryptocurrency agent.  

The suspicious Umesh Verma, a greeting cards maker, and jeweller were arrested from Indira Gandhi International Airport by Economic Offences Wing of Delhi Police on arrival from Dubai, later he failed to explain the cryptocurrency establish by him.  

Accusers suspected that the accused Umesh Verma, along with his son Bharat Verma and others had convinced them to invest in the scheme of Cryptocurrency being worked by them under the name and elegance of ''Pluto Exchange''. They have taken the complainants against this scam for guaranteed secure return among 20 per cent to 30 per cent per month on their investment, the police told. 

The respondent opened his office in the Connaught Place area in November 2017 and functioned like a chit fund scheme. The police said that the respondent presented their website and an associated APP ''Pluto Exchange'' for sale buying of their new Cryptocurrency open up in the name of ''COIN ZARUS'', pledging people to invest on the cause of getting the higher returns or yields. 

Still, the promised yields dried-up and post-dated cheques distributed to them were dishonoured and Umesh Verma altered his residential addresses often to avoid the victims and lastly shifted to Dubai. 

The case was listed on the acknowledgment of complaints from one Joginder Kumar and other persons. It was exposed that the accused was the sole owner of Pluto Exchange. The accused was arrested after thorough interrogation. 

The accused was for three days in police custody. He was in front also detained for the crime of gold smuggling case by the Directorate of Revenue Intelligence (DRI) in the last month of 2017.