What happened
Between 2018 and 2022, roughly 2.5 lakh people across Himachal Pradesh put an estimated ₹1,740 crore into a multi-level-marketing cryptocurrency scheme promising guaranteed returns. Once it collapsed, the state stood up the full machinery of an official response — a dedicated helpline, a police SIT, and 280 complaints processed into chargesheets covering 76 accused. Two years on, that machinery has secured a grand total of zero trials, with 69 of the 76 arrested already out on bail and only seven still in custody. The Enforcement Directorate, working the case under money-laundering law since March 2024, has managed exactly two arrests in that time. The man investigators name as the alleged mastermind, Subhash Sharma, is believed to be living in Dubai — comfortably outside the reach of the helpline his scheme made necessary.