Man Detained in South Thimphu Over Suspected Online Investment Fraud
Thimphu | November 1, 2025:
South Thimphu Police have taken Sandeep Rai Chamling into custody after receiving several complaints accusing him of operating fraudulent online investment activities.
The Consumer and Competition Authority (CCAA) confirmed that about 40 complaints have been registered so far, collectively amounting to around Nu 150,000. The grievances point to an online platform named Pandorabiz, reportedly managed by Chamling.
Although Pandorabiz possesses a valid e-commerce license, it is alleged to have engaged in cryptocurrency-related operations. The company has sought permission to make a presentation before the CCAA to explain its business model and clarify its activities.
Chamling, who identifies himself as a cryptocurrency trading mentor through the website freebitco.in, offers paid online training programs on crypto trading. Reports indicate that he charges Nu 6,262 per participant and has claimed to have enrolled over 1,000 learners in his courses.
A senior official from the CCAA stated that the matter is currently under administrative review.
“There are several dimensions to investigate, and it is premature to conclude whether this involves a cryptocurrency scam or a pyramid-type scheme,” the official said.
The Royal Monetary Authority (RMA), in its statement issued in April 2025, reiterated its cautious approach toward cryptocurrencies to protect the public and maintain financial stability. Under current policy, crypto mining and exchanges are allowed only for Gelephu Mindfulness City (GMC)-registered companies operating under the RMA’s regulatory framework, while crypto trading through local banks continues to be restricted.
According to Royal Bhutan Police (RBP) data, six crypto-related cases were recorded in 2022 and one case in 2023.
Earlier this month, the Department of Law and Order (DLO) issued a public warning urging citizens to be cautious of fake cryptocurrency trading, fraudulent investment platforms, unauthorized online training programs, and illegal online gambling. The department highlighted that scammers often use third-party bank accounts to mask their identities, and those who rent out their accounts could face legal consequences.
In addition, fraudulent crypto groups, including one operating under the name Bybit Investment, have reportedly emerged on Telegram, misleading Bhutanese users with false promises of quick financial gains.
Authorities have called on the public to exercise extreme caution and refrain from engaging in unregulated or unverified online investment schemes.
