Bollywood icon Govinda is set to face questioning by the Odisha Economic Offences Wing (EOW) in connection with a sprawling ₹1,000 crore pan-India Online Ponzi Scam investigation. The EOW’s probe centers around Solar Techno Alliance (STA-Token), a digital entity accused of orchestrating a fraudulent pyramid scheme under the guise of a cryptocurrency investment venture, operating across multiple countries.
While Govinda’s name has emerged in relation to the Online Ponzi Scam, authorities clarify that he is not considered a suspect or accused party in the case. His precise involvement will be established during the course of the inquiry. Govinda had reportedly endorsed the company’s endeavors in promotional videos and participated in an event held by STA-Token in Goa this July.
EOW Inspector General J N Pankaj stated, “We will soon send a team to Mumbai to question film star Govinda who had attended STA’s grand function in Goa in July and promoted the company in some videos.” General Pankaj also explained that if Govinda’s role was confined to endorsing the STAToken brand as per their business agreement, he may be categorized as a witness rather than a participant in the scam. The fraudulent scheme managed to accumulate a staggering ₹30 crore from approximately 10,000 individuals across various regions, including Odisha, Bihar, Uttar Pradesh, Punjab, Rajasthan, Haryana, Delhi, Jharkhand, and more. The EOW has already made several arrests in connection with the case, with investigations ongoing.