Last mentioned: Mar 23, 2026
Custody Deadline
Initial police custody period ends as investigators seek more victims linked to the scheme.
Custody Deadline
Initial police custody period ends as investigators seek further details on other potential victims.
Court Appearance
The accused are produced before a local court and remanded to police custody.
Court Appearance
The accused are produced before a local court and remanded to police custody.
Apprehension in Bengaluru
Thane police track down and arrest Gupta and Khandelwal in Bengaluru.
Apprehension in Bengaluru
A Thane police team travels to Bengaluru to arrest Sumit Gupta and Neeraj Khandelwal.
FIR Registered
A formal complaint is filed at the Mumbra police station in Thane against the co-founders.
FIR Registered
Thane police register a First Information Report at Mumbra police station against the co-founders.
Scheme Commencement
The complainant begins transferring funds based on promises of high returns and franchise rights.
Investment Scheme Begins
The complainant begins transferring funds based on promises of high returns and a franchise deal.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal following allegations of a fraudulent investment scheme and misappropriation of funds. The arrests stem from a complaint by an insurance advisor who claims to have been duped of ₹71.6 lakh through a purported franchise and high-return investment opportunity.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal following allegations of a Rs 71.6 lakh fraud. The case involves charges of cheating and criminal breach of trust related to a purported investment scheme and franchise opportunity offered to a retail investor.