Dehradun: A man in Dehradun has allegedly lost ₹13.35 lakh after being promised high daily returns through Bitcoin trading. The complainant was allegedly told that an investment of $10,000 could generate profits of $300 to $500 every day.
According to the complaint, the man received a call in June 2026 from a person who identified himself as Kartik Agarwal and claimed to work for a company involved in Bitcoin trading. He allegedly told the complainant that the investment could generate daily returns of up to $500 and asked him to deposit ₹20 lakh into an account associated with IMT Market.com.
The complainant subsequently transferred a total of ₹13,35,323 through bank accounts on different dates. According to the complaint, the money was transferred to Indian bank accounts belonging to money collectors associated with IMT Market. After each payment, the complainant was allegedly asked to upload the payment receipt or transaction screenshot on the website.
The deposited amount was then reflected in his online trading account, according to the complaint. Later, the complainant noticed that the account showed around $20,000. When he tried to withdraw the amount, however, the withdrawal was allegedly blocked by the website.
The complainant said he then became suspicious and contacted Kartik Agarwal. He also told police that he has a recording of his conversations with the accused. The complainant filed a complaint on the National Cyber Crime Reporting Portal on September 15, seeking action against Kartik Agarwal, the money collectors and IMT Market.com, along with recovery of the money.
Based on the complaint, Dalanwala police registered a case against Kartik Agarwal and IMT Market.com and began an investigation. Inspector Ashwini Baluni has been assigned the investigation. Station House Officer Vinod Gusain said police are examining the bank transactions, the money collectors involved in the transfers and the role of other people connected with the accused. The investigation is ongoing.
