According to reports, Bollywood actor Govinda is currently facing legal issues related to his involvement in an INR 1000 crore online Ponzi scam.
Indian news organizations have reported that Govinda, a well-known Bollywood actor, may encounter legal trouble due to his involvement in this massive INR 1000 crore pan-Indian online Ponzi scheme. Based on the provided information, it appears that the Economic Offences Wing (EOW) in Odisha, India intends to interview the experienced actor concerning his involvement in the investigation of the activities of Solar Techno Alliance (STA-Token).
This company, which has an online presence in multiple countries, is suspected of operating an illicit pyramid scheme disguised as a cryptocurrency investment venture. EOW has mentioned the names of celebrities, even though the authorities have explicitly stated that they are not currently considered suspects or accused in any way. This is because Govinda is said to have appeared in promotional films for the company and attended one of their events in Goa earlier this year. Inspector General J. N. Pankaj of the EOW announced, “We will shortly send a team to Mumbai to examine actor Govinda, who attended STA’s lavish event in Goa in July and promoted the company in some videos.
He stated that if they found that his involvement was limited to endorsing the STA-Token brand product under their business agreement, they would consider summoning him as a witness in their case. According to sources, at least 10,000 residents of Bhadrak, Keonjhar, Balasore, Mayurbhanj, and Bhubaneswar gave the company a whopping INR 30 crore as part of the scam. Last month, the company’s co-founders, Gurtej Singh Sidhu and Nirod Das, were detained by EOW.
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