Jawed Habib, Son Booked in ₹7 Crore Bitcoin Fraud Case in Uttar Pradesh

New Delhi | October 9, 2025 Celebrity hairstylist Jawed Habib, his son Anos Habib, and an associate have been booked in 23 cases of alleged fraud in Uttar Pradesh’s Sambhal district. The trio is accused of duping investors of nearly ₹7 crore through a fake Bitcoin investment scheme that promised unusually high returns, police said on Wednesday. According to Superintendent of Police Krishna Kumar Vishnoi, the accused operated under the name “FLC Company,” offering investors an annual return of 50–70% on Bitcoin purchases. The operation reportedly lured dozens of people with promises of easy profits, collecting between ₹5–7 lakh from each investor. However, police say that none of the investors have received their money back even after more than two years. The case first surfaced about two weeks ago when a local resident, Hilal, filed a complaint with the Sambhal SP’s office. As the investigation progressed, several others came forward with similar allegations, leading to the registration of multiple FIRs. The police have so far identified at least 38 victims linked to the fraudulent operation. Officials revealed that Habib and his associates used their reputation and influence to gain trust among investors. Many of the victims were local businessmen who primarily dealt in cash transactions, making it easier for the accused to collect large sums without drawing immediate attention. “Most businessmen in Sambhal conduct their business in cash, and this helped Habib and his team to exploit the system,” said Raisatti SHO Bobinder Kumar. Investigators also confirmed that Habib’s team maintained an office in Sambhal to appear legitimate. The operation was allegedly run like an organized gang, with coordinated efforts between family members and associates. Saif-ul-Hasan, identified as a key aide, is believed to have played a major role in handling the financial aspects of the scheme. Following mounting complaints, authorities have issued a lookout notice against Jawed Habib and his son to prevent them from leaving the country. Police are also preparing to initiate proceedings to seize their assets under Section 107 of the Bharatiya Nyaya Sanhita if they fail to compensate the defrauded investors. SP Vishnoi stated that the police are currently verifying transaction records, bank details, and communication trails connected to the case. “The pattern indicates a systematic attempt to cheat multiple individuals using the pretext of cryptocurrency investment,” he said. The case has sparked widespread discussion due to Habib’s celebrity status in the beauty and salon industry. Known for his popular haircare brand and franchise salons across India, Habib’s alleged involvement in a financial scam has shocked many of his clients and followers. As the probe continues, police have assured strict action against all involved. “No one is above the law, and all those responsible for deceiving investors will face legal consequences,” Vishnoi added. The investigation remains ongoing, with authorities working to trace the full extent of the financial network and recover the money invested by victims. Jawed Habib, Son Booked in ₹7 Crore Bitcoin Scam Celebrity hairstylist Jawed Habib and his son Anos Habib have been accused of duping investors in a ₹7 crore Bitcoin fraud in Uttar Pradesh’s Sambhal district. Police say the duo, along with an associate, promised 50–70% returns through a fake investment company named FLC. Over 23 FIRs have been filed after multiple victims came forward, claiming they never received their money back. Authorities have issued lookout notices and may seize the family’s assets if refunds aren’t made. The case has sent shockwaves through the beauty industry as investigations continue.