On November 15 while he was trying to escape from India to Dubai, he was intercepted and detained by BOI at Jaipur International Airport under intimation to EOW, Odisha. The EOW team went to Jaipur and arrested the accused.
The EOW, in a statement, said that Palai is an important and up-line member of STA, having a huge number of members below him (known as down-line members in pyramid-based schemes.
The Economic Offence Wing (EOW) of Odisha police has unearthed a pan-India cryptocurrency-based Ponzi scam worth more than Rs 1000 crore, a police official said on Monday.