Indian Actor Govinda Being Investigated for Links to Crypto Scam

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  • The EOW is considering sending a team to Mumbai to question him in person.
  • STA relied on bringing in new investors via a multi-level marketing scheme.

Bollywood actor of India Govinda is under investigation for his participation in a bogus crypto scheme by the Economic Offences Wing (EOW) of the Odisha police. In July, Govinda was in Goa for a promotional event for Solar Techno Alliance (STA-Token), a cryptocurrency-looking MLM scam.

To further understand Govinda’s involvement in STA’s lavish celebration, the EOW is considering sending a team to Mumbai to question him in person. According to reports, the actor had a prominent part in the company’s marketing campaigns, appearing in videos and other promotional materials.

Investigation Underway

Further inquiry will reveal Govinda’s precise participation in the crypto fraud, and he may be deemed a witness in the current case, according to Deputy Superintendent of Police Sasmita Sahoo.

Moreover, the actor denied in an interview with TOI that he had anything to do with the crypto Ponzi scheme that the Economic Offences Wing (EOW) of the Odisha police are looking into. The EOW team will be flying to Mumbai to question the actor about his alleged involvement in the crypto fraud.

Govinda has denied these claims by saying he has never done any advertising, endorsements, promotions, or public appearances on behalf of anybody or anything. He stressed that he was not on anyone’s side or favour in these topics.

Gurtej Singh Sidhu, a 40-year-old man from Punjab, was detained by the EOW last month after they found the fraudulent cryptocurrency operation conducted by STA. To keep going, unlike actual cryptocurrencies, STA relied on bringing in new investors via a multi-level marketing scheme.

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