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August 15, 2018
Bitcoin

Mega Bitcoin scam detected in India; Opposition demand investigation

The Hindu reported on July 5th that a member of opposition party the Indian National Congress demanded an investigation into a major Bitcoin scam. The scam allegedly involves leaders of ruling party, the Bhartiya Janata Party
Senior INC part Shaktisinh Gohil asserted that BJP authorities were complicit in a “multi-layered” trick to launder cash, which he guarantees the Criminal Investigation Department (CID) of Gujarat have assessed at Rs 5,000 crore, or about $723 million. The Hindu reports that the INC has requested that the Supreme Court must look into the issue.
Gohil said that BJP individuals utilized Bitcoin (BTC) as a “conceal” for tax evasion and blackmail. As per Gohil, the trick became exposed in April when Indian agent and manufacturer Sailesh Bhatt documented a protestation against Gujarat’s Amreli area police guaranteeing they coerced 200 bitcoins (about $2 million at the time) and requested Rs 32 crore ($4.6 million) in real money.
Bhatt charged that a BJP official and previous Member of the Legislative Assembly (MLA) Nalin Kotadiya had constrained him to pay the payoff. The CID, therefore, propelled an examination, wherein a few authorities were captured, including Amreli region police administrator Jagdish Patel.
Kotadiya has since departed suddenly, and per the demand of the CID, has been pronounced a broadcasted wrongdoer. The CID assert Kotadiya has “stayed untraceable” even after a warrant was issued for his capture. Gohil said that “on the off chance that he is captured, he will uncover accursing confirmations which will uncover top BJP pioneers in the state.”
Gohil blamed the Modi government for turning a visually impaired eye to the asserted trick, saying, “It is fascinating that the Modi government sends… specialists to dog Gujarat Congress MLAs and also Karnataka Congress applicants amid races when the implicit rules are on. In any case, it doesn’t try to explore this “Mega Bitcoin Scam.”
The Gujarat Pradesh Congress Committee proposed in an ongoing tweet that the administration declines to explore the case keeping in mind the end goal to “secure themselves.”

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