Three Indian veterans have filed a report with the Chandannagar police in the city of Pune, accusing eight officials of a trading company of defrauding them of more than 7.981 million rupees (about $96,000) through a cryptocurrency scam since 2022. The veterans, who invested their retirement savings in cryptocurrencies, were lured by the promise of doubling their investment in 20 months and receiving a 10% monthly return. The directors of the company and a veteran involved had previously been arrested in similar cases and are currently being held in Yerawada prison. Police are awaiting court approval to interrogate them further. The trading company had persuaded many people to invest by holding digital currency seminars in Lonavla and Wagholi in Maharashtra earlier this year. After failing to receive the promised returns, the three investors realized they had been cheated and reported the incident to the police.