Is superstar Govinda in bad shape? 1000 crore online ponzi scam becomes a thorn in the side as acting journey ends

Superstar Govinda has been the superstar of his time. He maintained his dominance in Bollywood for decades. However, he has not been seen in any major event of any film for a long time. The Coolie Number One actor was nowhere to be seen but it seems trouble has followed him to Govinda’s house. actor name Rs 1000 crore Of ponzi scam I have come. For this reason he will also be questioned.

Govinda’s troubles increase in Ponzi scam

On September 13, the Odisha Economic Offenses Wing (EOW) said they would question Govinda in connection with the investigation into the Rs 1,000 crore pan-India online ponzi scam. Solar Techno Alliance (STA-TOKEN), which has an online presence in multiple countries, was illegally running a pyramid-structured operation under the guise of a crypto investment scam, officials said. It was being told that Govinda had supported the company’s operations in the promotional video, hence he would be interrogated. Now Govinda’s manager has reacted to these news and called them misleading.

Manager’s clarification on Govinda’s name being linked to scam

Govinda’s manager reacts to actor’s involvement in online scam

Govinda’s name has been highlighted for questioning by EOW in the online ponzi scam. The actor had reportedly endorsed the company’s operations in some promotional videos. However, now Govinda’s manager Shashi Sinha has given clarification to ETimes on the entire controversy. He said that ‘half-baked news has been circulated in the media’ and the actor has nothing to do with it. Sinha said, “Govinda has nothing to do with this matter. Govinda had gone through an agency for a program and returned. We have nothing to do with its business or branding. All half-baked.” The news has been published in the media.”

ponzi scam What was it about?

Sasmita Sahu, DSP EOW Bhubaneswar had said, after receiving intelligence from the High Courts, we have started investigation against STA, as per the allegation that STA has launched its own token, which is named STA Token, and Which has been publicized at the local level. Bhadrak is a Ponzi scheme or multi-level marketing scheme in which people are asked to join STA by adding members under them, hence the allegations say that it is a chain system in which members get profit and their Adding new members to the line gives attractive returns.

He further said, “Initial investigation was done by EOW Bhubaneswar and the allegations were proved true. Shri Nirodh Kumar Das of Bhadrak was the Odisha head of STA and he has added more than 5/6 thousand members in the name of forming STA.” An office in Bhadtak. He organizes meetings to motivate members to be a part of STA. The company’s country and Odisha heads, Gurtej Singh Sidhu and Nirod Das, respectively, were arrested on August 7. Ratnakar Palai, an important and above-line member of STA, who has a large number of members below him (known as down-line members in MLM/pyramid-based schemes/scams), was arrested on 16 August.

“The company also offered incentives to members to build the network,” sources said. During investigation, we came to know that they were organizing a mega event in which Bollywood star Govinda was invited as the chief guest on July 30, 2023. A team of EOW left for Goa where the event took place. We are trying to contact people who are associated with STS in some way or the other and since Govind has been invited there as the chief guest, we want to know their views on this. And who has contacted him for the mega event? Then we may be able to get more information from them.

According to reports, under the scam he collected lakhs of rupees from investors in Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand and other states.