Panchkula, May 19 -- A local court has dismissed the bail plea of Patiala resident Mustak Mohamed, 20, jailed in Ambala for his alleged role in a Rs.9.68 crore cryptocurrency fraud from 2023.

This was his second bail attempt. The case originated from a complaint by Lalit Singla, a jeweller, who was duped of Rs.9.68 crore after joining a fake WhatsApp trading group and investing via a fraudulent site, VIYAKAE.com.

Police investigations revealed WhatsApp chat details and bank records, leading to the freezing of Rs.2.05 crore of the defrauded amount, which was later released to the complainant following court orders.

During probe, police found Rs.38 lakh were routed to Mohamed's account, leading to his arrest, along with co-accused Jatin ...