Vadodara: Three persons who were named in the Pay Way Coin cryptocurrency scam were arrested by crime branch.The three accused Mihir Pathak, Harish Limbani and Jayanti Patel were held when they produced themselves before cyber-crime branch after obtaining anticipatory bail from a sessions court here. The accused were remanded to one-day police custody on Saturday.Police said that the three accused are claiming that they have very little role in the entire racket. They told police that they are only working for the kingpin Pravin Patel. However, they admitted that the Pay Way Coin company floated by Pravin in Ahmedabad had accepted investments to the tune of Rs 17 lakh from several investors promising them high returns.However, when the Reserve Bank of India declared that cryptocurrency cannot be considered as valid payments systems, Pravin shut down offices of Pay Way Coin and started another company. A police official said that the new company was named Brio Hydroponics which claimed to manufacture aloe vera products. But when the investors learnt about closing of Pay Way Coin, Pravin had promised them even higher returns if they allow their investments to be diverted to the new company.But the investors refused any such laundering of money and they had approached Vadodara police against Pravin, Pathak, Harish, Jayanti, Kamal Joshi and Hiren Thakkar. The cyber-crime branch had registered a case of cheating and criminal conspiracy against them on October 4 and arrested Hiren. Cops said that the kingpin Pravin is still on run.

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