Opposition accuses India’s ruling party of being involved in a mega Bitcoins scam 17779
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Chaitanya Thammaya
Jul 6, 2018 at 10:51 AM

The Indian National Congress (INC) has accused the ruling party (BJP) of being involved in a “mega Bitcoin scam.” According to Hindustan Times, they’ve alleged that the BJP has orchestrated a Bitcoin scam worth over ₹5000 crores! Congress spokesperson Shaktisinh Gohil said that Gujarat Police has unearthed this scam and the state’s top BJP leadership was involved. He further stated that these leaders were converting black money via hawala transactions.

Previously, 13 BJP MLA’s from the state of UP had claimed to have received threats via WhatsApp messages. They alleged that they were being extorted and asked to deposit ₹10 lakh into a Bitcoin account.

Speaking to reporters about the alleged scam, Gohil said,

“There were reports of the state police blackmailing some businessmen in Surat for extortion and named a former BJP legislator as one of the kingpins.”

See Also: Transaction of over 8 lakhs to extortionists account found in Indian Bitcoin extortion case

He even named the President of the Bharatiya Janata Party, Amit Shah. He said,

“As the BJP is scrambling for answers to explain how Ahmedabad District Cooperative Bank, whose director is BJP chief Amit Shah, received old currency worth ~745.58 crores in just five days and how ~3118.51 crores was 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.”

According to Gohil, the demonetization conducted by the current government was a ploy to cover up their money laundering. He alleged that both demonetization and the Bitcoin scam were meant to convert their black money into white. He further added,

“We demand an impartial Supreme Court-monitored judicial investigation in this maze of ‘mega bitcoin scam’ so that the truth comes out.” 

The BJP, on the other hand, brushed aside these allegations deeming them laughable. Anil Baluni, the spokesperson for BJP, said these allegations by the INC were laughable. Countering the allegations levelled against his party, he said that it couldn’t get more unfortunate than this as Gujarat Police had cracked the case. He further added that the police had taken action against several people involved in the case.

See Also: No respite for Indian cryptocurrency exchanges, SC refuses to stay RBI’s directive

The BJP spokesperson said,

“The dirty tricks department of the Congress is at work to spread confusion and lies. It is blaming the police, which has uncovered the case. I wonder if the Congress is trying to help somebody in this case as part of a conspiracy.”  

India and cryptocurrency share a rocky relationship. The Reserve Bank of India (RBI) has issued a ban on cryptocurrency trading. It has also issued an order directing banks to stop offering services to crypto exchanges and traders. The Indian crypto community appealed to the Supreme Court to grant a stay against the RBI’s ban on cryptocurrency. But this was to no avail, as the Supreme Court refused to stay the RBI’s ban. Now it seems crypto exchanges and traders are back to square one, with no bank ready to offer services!

Image via Hindustan Times

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