Gujarat Police probing first case of bitcoin extortion

April 09, 2018 10:40 am | Updated 10:40 am IST - Ahmedabad

 Police inspector Anant Patel is the main accused in the case. Photo: Special Arrangement

Police inspector Anant Patel is the main accused in the case. Photo: Special Arrangement

In what is perhaps the first case of virtual currency, Gujarat police CID (Crime) has booked a Police Inspector (PI) and other policemen for extorting 200 bitcoins worth ₹12 crore from a Surat-based builder and real estate player.

A compliant was received against PI Anant Patel for allegedly abducting a businessman Shailesh Bhatt at a farm house in Gandhinagar and forcing him to transfer 200 bitcoins from his mobile.

Following the complaint and a preliminary probe, the police lodged an FIR naming 11 persons as accused. The FIR also named a private individual, who reportedly played acted as a fixer between the businessman and the police.

“We have formed a team to probe the high profile case,” additional DG Ashish Bhatia said.

The police maintained that they are yet to get substantive evidence of the bitcoin transaction as alleged by the applicant Mr Bhatt.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.