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CASE 117  |  Vinay Jain  |  February 3, 2022  |  India
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DATABASE RECORD
  id                  117
  date                February 3, 2022
  original_date       February 3, 2022
  year                2022
  month               2
  quarter             2022-Q1
  victim              Vinay Jain
  location            Surat, India
  country             India
  scenario            P2P Trade Gone Wrong
  description         Auto parts businessman brings suitcase full of $260K worth of cash to do an in-person crypto trade, gets beaten and robbed by 8 men.
  kidnappings         0
  violence_torture    0
  drugs_alcohol       0
  weapons             1
  theft               1
  life_taken          0
  money_wanted        (null)
  coin_type           (null)
  reports             ToI
  notes               (null)
  has_processed_date  1
  created_at          2025-11-13 05:44:45
  (flag legend: 'kidnappings' is the DETENTION flag — 1 when the victim was held against
   their will at any point, tied, locked in, held at gunpoint or taken away; it is NOT the
   same as the 'Kidnapping' scenario, which means taken away and held. See README, Definitions.)

AI SUMMARY  [generated at bulk import, NOT verified against sources]
  **Victim:** Vinay Jain
  
  **Attackers:** Unknown number of perpetrators
  
  **Attack Method:** P2P Trade Gone Wrong
  
  **Violence Used:** Threats/intimidation
  
  **Crypto Stolen:** Approximately $260k
  
  **Status:** Investigation ongoing

LINKED SOURCES
  [url]  https://timesofindia.indiatimes.com/city/surat/cryptocurrency-deal-turns-into-2cr-dacoity/articleshow/89392699.cms

NOTES ON THIS FILE
  * matched to sheet row 118: exact match on victim + year, unique on both sides

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ARTICLE 1
  Source   ToI
  URL      https://timesofindia.indiatimes.com/city/surat/cryptocurrency-deal-turns-into-2cr-dacoity/articleshow/89392699.cms
  Origin   reported_K&R sheet, row 118, column "Articles"
  Length   2,430 chars
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Surat: Cryptocurrency Deal Turns into Rs 2 Crore Dacoity
On Friday afternoon, a hoax call about an alleged armed robbery at an angadia firm opposite Varachha police station sent the police on a wild goose chase. The situation only became clear late on Saturday night when it was revealed to be a massive dacoity worth Rs 2 crore.
The incident occurred right under the police's nose, but the lack of any complaints initially led the cops to consider closing the case as a hoax call. However, the emergence of a Hyderabad-based victim at the police station changed everything. This victim, an auto parts businessman, filed a complaint of dacoity, finally piecing together the puzzle for the police.
Based on his complaint, Varachha police registered an offense of dacoity (IPC 395) against Pintoo Kumar Jha, Amit, Suman Singh, Madhukar, Rakesh, Raju, Vicky, Shahrukh, and several others.
According to the case details, Vinay Jain (29), a resident of Film Nagar in Hyderabad, told the Varachha police that he had come to Surat to invest in cryptocurrency. He had been lured by the accused but was instead looted of Rs 2 crore.
Two months prior, Jain had met Lakshminarayan in Hyderabad, who deals in cryptocurrency. Lakshminarayan lured Jain to invest in crypto for better returns and introduced him to P K Jha. After several meetings with Jha in Hyderabad, Jain, along with his brother Aakash, Lakshminarayan, and driver Shinu, drove to Surat in his father's Fortuner car on February 3. Before leaving, Jain deposited Rs 6 crore in an angadia firm, which he later collected in Surat. Jain claimed he had gathered the amount from his relatives to invest in crypto.
The next day, Vinay Jain and the three others reached the angadia firm, 'Shree Siddhi Vinayak Enterprise,' located at Central Bazar in Varachha, with Rs 2 crore to open his crypto account. Jha took the cash but did not transfer it to Jain's account. As Jha prepared to leave with the cash, Jain asked him to wait until the account showed the money. This led to an altercation, and around eight other people joined in, thrashing Jain and the others before disappearing with the money before the police arrived.
It was later revealed that the accused had planned to beat them up and steal the cash. Jain and the other three left the city after the incident and reached Mumbai. However, they decided to file a police complaint and returned to Surat on Saturday to do so.


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FETCHED ARTICLE 1  [AUTO-TRIMMED — UNREVIEWED]
  !! Furniture was cut by a script keyed on this case's record, not by a person.
  !! It may still carry passages about OTHER cases from a round-up article.
  !! The full page extract is kept in staging/ if a cut needs revisiting.
  Source     timesofindia.indiatimes.com
  URL        https://timesofindia.indiatimes.com/city/surat/cryptocurrency-deal-turns-into-2cr-dacoity/articleshow/89392699.cms
  Field      url
  Retrieved  2026-09-05T12:52:41+00:00 via raw HTTP retrieval, deterministic extraction (HTTP 200)
  Language   unknown
  Kept       paragraphs headline [0] + 2-14 of 55
  Length     3,044 chars
  Integrity  sha256 dad83793913b09f8c31ee6cfe568aa83be74c91bcb12b6870bea6526c36a7c8e
  Trimmed    AUTO-TRIMMED, unreviewed: kept paragraphs 2-14 plus headline [0]; dropped 1 leading and 40 trailing paragraphs. Case-term hits on page: 28.
  Caveat     retrieved from a live page on the date above. Unlike text copied
             from the spreadsheet, there is no second copy to hash it against.
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ORIGINAL (unknown, verbatim as retrieved)

Cryptocurrency Deal Turns Into 2cr Dacoity | Surat News - Times of India

The hoax call about an alleged armed robbery at angadia firm opposite Varachha police station that led the police into a wild goose chase on Friday afternoon finally turned out to be a huge case of dacoity worth Rs 2 crore late on Saturday night.

CCTV grab shows the accused fleeing the spot with the money

SURAT: The hoax call about an alleged armed robbery at angadia firm opposite Varachha police station that led the police into a wild goose chase on Friday afternoon finally turned out to be a huge case of dacoity worth Rs 2 crore late on Saturday night.

While it had all happened right under the police’s nose, the entire episode got too confusing sans any complaints filed leading cops about to close the case as a hoax call.

However, a Hyderabad-based victim emerged at the police station to file a complaint of dacoity.

The emergence of the victim, an auto parts businessman, cleared the picture after the pieces fit like a jig-saw puzzle, even as cops could not find a complainant then at the spot that day. Based on his complaint, Varachha police registered an offence of dacoity (IPC 395) against Pintoo Kumar Jha, Amit, Suman Singh, Madhukar, Rakesh, Raju, Vicky, Shahrukh and some other people.

According to the case details, Vinay Jain (29), a resident of Film Nagar in Hyderabad told the Varachha police that he had come to the city to invest in cryptocurrency after being lured by the accused, but instead got looted of Rs 2 crore.

“Around two months ago, Jain came in contact with one Lakshminarayan in Hyderabad who deals in cryptocurrency. Lakshminarayan lured Jain to invest in crypto for better returns, and after he agreed, introduced him to P K Jha.

After a few meetings with Jha in Hyderabad, Jain along with his brother Aakash, Lakhminarayan and driver Shinu drove down to Surat in his father’s Fortuner car on February 3. Before embarking on their Surat journey, Jain deposited Rs 6 crore in an angadia firm there which he later collected in Surat. Jain claimed he had collected the amount from his relatives to invest in crypto,” said the police.

The next day, Vinay Jain along with the three others reached the angadia firm named ‘Shree Siddhi Vinayak Enterprise’ located at Central Bazar in Varachha with Rs 2 crore to open his crypto account. Jha took the cash amount from Jain, but the money did not get transferred in Jain’s account for a long time.

In the meantime, Jha prepared to leave the place with the cash, when Jain asked him to wait till the account showed his money.

This started an altercation when around eight other people joined him and started to thrash Jain and others before disappearing with the amount before cops reached the scene.

“It was a pre plan by the accused to beat them up and steal the cash. Jain and the other three left the city after the incident and reached Mumbai. However, they decided to file a police complaint and returned again to Surat on Saturday and filed a complaint,” cops added.

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generated from attacks-export-Gart-website.json + reported_K&R  |  case 117
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