New Delhi Police Crime Branch has detained Asif Ashraf Malkani, the leading figure behind the multi-million-dollar fraudulent scheme called KashhCoin (KASHH), local media reported over the weekend. Malkani has been on the lam for several months in various cities across the country after the crash of the project, which had become famous as many Bollywood celebrities backed the coin in a special gala.

Malkani police interrogation revealed that the 33-year old man had previous experience in financial scams. KashhCoin’s founder was part of Unetnet, a project for investing in franchising, which stole €50 million ($57.7 million) from around 22,000 investors across Europe in 2015. Moreover, recently, Malkani started a new crypto…

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