32 cases registered against celebrity hair stylist Jawed Habib in Sambhal - The Economic Times
Authorities in Sambhal have filed 32 first information reports (FIRs) against renowned hair stylist Jawed Habib, his son Anos, and an associate, over allegations of defrauding several investors. The trio is accused of running an investment scheme under the banner Follicle Global Company (FLC), promising returns of 50–70% on Bitcoin-related investments. Each complainant reportedly invested between ₹5–7 lakh, but none received the promised returns even after two and a half years. Police estimate the total fraud may amount to ₹5–7 crore. To prevent their departure, a lookout notice has been issued. Habib’s legal counsel submitted medical documents, citing his poor health, to explain his nonappearance before investigators. The investigation is ongoing as authorities seek statements and trace the flow of funds to hold accountable all persons involved.
The Key points
- 32 FIRs lodged against Jawed Habib, his son Anos, and an associate.
- Alleged scheme run through Follicle Global Company (FLC).
- Promised 50–70% returns on Bitcoin investments to entice investors.
- Each investor reportedly put in ₹5–7 lakh.
- No payouts made even after 2.5 years.
- Estimated total fraud: ₹5–7 crore.
- Lookout notice issued to prevent accused from leaving India.
- Habib’s lawyer cited poor health, submitted medical proof.
- Police have summoned them for questioning.
- Investigations continue to trace money flow and establish accountability.
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