Archive · 13 Sep 2025
Former Corporator Arrested in Rs 1.2 Crore Crypto Scam
A former government official in Karimnagar, India, named Katla Satish, has been arrested for allegedly tricking people out of a lot of money.
He promised investors they would get triple their money back if they put money into a cryptocurrency plan called Meta Fund Crypto.
One person, Bhaskar, invested money, and then convinced others to join.
In total, people gave Satish 1.2 crore rupees.
But, they never got any of their profits.
When they asked about it, they were allegedly threatened.
The police arrested Satish, but two other people involved are still missing.
Katla Satish, a former corporator, was arrested in Karimnagar for a crypto scam.
Satish promised investors triple returns on cryptocurrency investments.
One investor, Bhaskar, invested Rs 15 lakh and brought in more investors.
Victims invested a total of Rs 1.2 crore in the scheme.
Satish was arrested after complaints, and is in judicial custody.
- Who
- Katla Satish, a former corporator, and other absconding suspects.
- What
- A cryptocurrency investment scam promising high returns.
- When
- June 2024 (Bhaskar's investment)
- Where
- Karimnagar, India
- Why
- To defraud investors through a fake cryptocurrency scheme.
- Suspect
- Katla Satish, former corporator
- Location
- Karimnagar, India
- Alleged Crime
- Crypto scam
- Amount Swindled
- Rs 1.2 crore
- Investment Scheme
- Meta Fund Crypto
- Arresting Authority
- Karimnagar Rural Police