Indian Bitcoin Master Arrested for INR 2,000 Crore Fraud
The person behind GBMiners, the firm credited for introducing bitcoin mining in India, has been arrested for swindling over 8000 investors of INR 2,000 crores in the state of Maharashtra alone. Amit Bhardwaj, one of most well-known person in the digital currency world, and his brother Vivek Bharadwaj were arrested after evading the police for over the year.
This is the first time that an enforcement case investigation report (ECIR) was filed in India under the Prevention of Money Laundering Act in Mumbai. More people are involved in the ECIR such as Ajay Bhardwaj, Rupesh Singh, Hemant Chauhan, Hemant Suryavanshi, Kaka Ravde and more.
The Reserve Bank of India (RBI), the Enforcement Directorate (ED) and the Cybercrime Cell of Pune Police are all going to take actions against the culpr...