18 arrested OneCoin scammers remanded to Indian police custody
Following the arrest of eighteen OneCoin affiliates in Mumbai, India last weekend, a Judicial Magistrate remanded the accused to judicial custody.
As I understand this limits police access to the accused, Mumbai police filed a petition to have the scammers remitted to police custody.
DCP (Crime Branch) Dileep Sawant said, “We need police custody for investigating the case and to get all details of the scam.
On Friday the petition was granted, giving police full access to the accused until May 3rd.
The Indian investigation into OneCoin meanwhile continues to escalate, with the Economic Offenses Wing putting together a fourteen team squad to handle the case.
“I have been asked to form the team and will be picking those with experience in such cases,” Senior PI Shivaji Awate, EOW-I, said.
Thus far OneCoin has failed to acknowledge the arrest of its affiliates or Indian regulatory investigation.
Thousands of Indian OneCoin affiliates have been left in the dark by the company as authorities close in. Scheduled OneCoin affiliate recruitment events to be held in India by top OneCoin affiliate Tom McMurrain were also promptly cancelled.
According to Alexa, India is currently the second and third largest source of traffic to the OneCoin and OneLife websites respectively.