Bollywood luminary Govinda finds himself in the midst of a legal storm as his association with a staggering INR 1000 crore online Ponzi scam comes under scrutiny. Reports from Indian news agencies have brought to light the actor’s potential entanglement in a nationwide web of financial deceit.
Govinda fighting a legal battle?
The Economic Offences Wing (EOW) of Odisha, India, is set to question the veteran actor regarding his involvement in the unfolding saga surrounding Solar Techno Alliance (STA-Token). This company, with a digital footprint in multiple countries, was clandestinely running a pyramid scheme disguised as a cryptocurrency investment opportunity.
It’s crucial to note that Govinda is not currently regarded as a suspect or accused party in the case. However, the EOW has cast a spotlight on him due to his apparent collaboration with the company. Govinda’s promotional videos endorsing STA-Token and his participation in one of their events in Goa earlier this year have brought him into the investigative fold.
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The extent of the alleged scam is alarming, with reports indicating that the company amassed a colossal INR 30 crore from a minimum of 10,000 victims across various regions in Odisha, including Bhadrak, Keonjhar, Balasore, Mayurbhanj, and Bhubaneswar. Last month, the EOW apprehended the heads of the company, Gurtej Singh Sidhu and Nirod Das.
While the legal proceedings are ongoing, Govinda’s connection to this massive online Ponzi scheme has undoubtedly raised eyebrows in both the Bollywood and financial sectors.
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