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Key Accused in 113-Crore Money Trade Coin Crypto Fraud Arrested in UAE

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Key Accused in 113-Crore Money Trade Coin Crypto Fraud Arrested in UAE

Analysed 10 Sept 2026·2 sources analysed·Thane, India·Crime
Key Accused in 113-Crore Money Trade Coin Crypto Fraud Arrested in UAEPreviousNext

Amit M Lakhanpal, the key accused in a 113-crore Money Trade Coin (MTC) cryptocurrency fraud, was arrested in the UAE on September 1 based on an Interpol Red Corner Notice. Lakhanpal and accomplices allegedly created the unrecognised MTC and defrauded investors from 2017 to 2018. Indian agencies, including the Enforcement Directorate and Thane police, are pursuing his extradition. The case follows a 2018 India Today investigation exposing the scam's fraudulent promises to investors.

Sentiment
54%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (54/100). Lens Score 62/100.

Outlets measured: hindustantimes, indiatoday. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 10 Sept 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (54/100)

Sentiment was consistent across outlets (45–62/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

indiatoday broke this story on 9 Sept, 08:14 pm. Other outlets followed.

9 Sept, 08:14 pm2 sources · 6 h10 Sept, 02:43 am
  1. 1
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
Allahabad HC Orders Rs 65,000 Compensation Over Missing Police Station CCTV Footage
Next →
DTCP Seals and Demolishes Illegal Constructions in Gurugram Residential Areas
indiatoday9 Sept, 08:14 pm
India Today's 2018 crypto scam exposé leads to arrest of Amit Lakhanpal in UAE
  • 2
    hindustantimes10 Sept, 02:43 am
    Key accused nabbed in UAE in 113-Cr crypto-investment fraud
  • Accountability flags

    TBN's analysis identified the following accountability dimensions in this story.

    • financial irregularity

      This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

    Who's involved

    Institutions and figures named across source coverage.

    Government
    Indian GovernmentEnforcement DirectorateMaharashtra PoliceCentral Bureau of InvestigationThane PoliceMinistry of FinanceThane City Police
    Corporate
    Flintstone Group
    Enforcement
    Enforcement DirectorateMaharashtra PoliceCentral Bureau of InvestigationThane PoliceThane City Police

    Story context

    Category
    Crime
    Location
    Thane, India
    Sources analysed
    2
    Last analysed
    10 Sept 2026
    Key entities
    Enforcement DirectorateExtraditionFraudIndian rupeeIndiaUnited Arab EmiratesInterpol noticeThanePassportMoney launderingCaribbeanDubai