Politicians in India’s Gujarat Accused of Bitcoin Money Laundering Scam

Members of the Indian National Congress (INC) have alleged that Bitcoin has been used to wash soiled cash for the ruling social gathering within the state of Gujarat. They are demanding a judicial probe into the matter be launched.Multi-Million Dollar Money Laundering Scam Alleged in GujaratA spokesperson for the INC has claimed that the full determine concerned within the rip-off is over $726 million. However, in line with the Hindustan Times publication, some declare the quantity could also be in extra of $12.7 billion.Shaktisinh Gohil alleges that the Bharatiya Janata Party (BJP) of Gujarat have been cleansing cash utilizing Bitcoin transactions. He claims that state police have uncovered the rip-off however the kingpins of it have absconded. The INC minister went on to state that the BJP had used the earlier demonetisation coverage to cowl up their cash laundering and have been now utilizing Bitcoin to proceed cleansing funds and extorting rich people within the state. He stated:“Even as the BJP scrambles for answers to explain how the Ahmedabad District Cooperative Bank (ADCB), whose director is BJP President Amit Shah, received old currency worth Rs 745.58 crore in just 5 days and how Rs 3118.51 crore were deposited in 11 district co-operative banks linked with BJP leaders in Gujarat itself, a new ‘Mega Bitcoin Scam’ worth more than Rs 5,000 crore has been unravelled in the state.”The INC spokesperson claims vary of crimes have grow to be the norm within the state of Gujarat. These embrace the varieties of cash laundering transactions alleged in opposition to the BJP, in addition to kidnappings, and extortion of cryptocurrency utilizing the muscle of the state police.He goes on to quote the instance of Shailesh Bhatt who was allegedly the sufferer of a police extortion of Bitcoin. According to the INC spokesperson, 200 Bitcoin have been taken from Bhatt who was then demanded to pay over $four.6 million.Gohil claims that the ruling social gathering have been responsible of double requirements since Congress politicians had been hounded throughout the elections and but they weren’t prepared to analyze this “mega Bitcoin scam.”“Why did the investigation agencies not make Shailesh Bhatt a ‘complainant’ in the FIR that was filed in the first case? Why are the CBI/ED/Central authorities not investigating this ‘Mega Bitcoin Scam’? Who are they sheltering? What is the cover-up?”However, the BJP refute the allegation. They declare to be victims of the opposition social gathering’s “dirty tricks department.”BJP spokesperson Anil Baluni informed reporters earlier at present:“We demand an impartial Supreme Court-monitored judicial investigation in this maze of ‘Mega Bitcoin Scam’ so that the truth comes out.”Featured picture from Shutterstock.Original article first appeared in https://www.newsbtc.com/2018/07/05/politicians-in-indias-gujarat-accused-of-bitcoin-money-laundering-scam/

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