The ruling party of India is accused in fraud with cryptocurrencies
The party of the Indian National Congress accused the ruling People's Party of machinations through the bitcoins. According to politicians, the BJP unit in the state of Gujarat laundries money through the cryptocurrency, Hindustantimes reports.
Representatives of the Indian National Congress demanded an investigation into this issue under the supervision of the Supreme Court. In their opinion, participation in the "mega-bitcoin-scam" brought the leadership of the BJP from 727 million dollars to 12.7 billion dollars. Member of INC Shaktisin Gohil believes that with the help of cryptocurrency, the leaders of the ruling party could transfer money to various companies.
The BJP denied these statements, calling them a lie, and suggesting that the Congress Party may have ulterior motives to blame politicians for money laundering.
In June, a court in the Indian city of Ahmedabad announced the search for a member of the BJP unit in Gujarat, Nalina Kotadia. The investigation believes that the ex-legislator participated in the extortion of bitcoins worth $ 1.3 million. As the agency The Indian Express wrote, the name of the former politician appears in the case often police extortionists of Gujarat. The applicant, local businessman Shailesh Bhatt, accused the guards of the order of having robbed him of 200 bitcoins. Investigators believe that Kotadia helped policemen kidnap a businessman. Bhatt himself is a figurant of the case of extortion of $ 22 million from a member of the financial pyramid BitConnect, which closed in January 2018.
Posted from my blog with SteemPress : https://coinatory.com/2018/07/07/the-ruling-party-of-india-is-accused-in-fraud-with-cryptocurrencies/
interesting pls more!
check the links for more details
ok thanks
The irony is palpable. First India eliminates several denominations of their own currency to get more control over their economy and now it turns out that some of their corrupt officials were using Bitcoin to hide their financial activities kind of like how elicit companies use fiat bills to hide their activities.
The funniest part is that the Indian government had cryptos banned at that period of time.
As the Monero fan, I'd laugh at them even more because they've chosen Bitcoin for those operations.
What can you expect from bureaucrats? It’s a miracle they figured out how to get and send the Bitcoin at all.
lol, if they used #XMR, they won't be caught! =) please don't tell governments about Monero! =)
they shouldn't know about Monero :)