Indian authorities investigate a massive Bitcoin Ponzi scheme, summoning a suspect and seizing assets.

The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are investigating a Rs 6,600 crore Bitcoin Ponzi scheme, summoning Gaurav Mehta, a suspect linked to illegal cryptocurrency transactions. The ED searched Mehta's premises in Raipur, Chhattisgarh, and the CBI issued a summons for him to appear. The scheme allegedly involved collecting funds from the public with false promises of high returns. The ED has also attached assets worth Rs 98 crore from actor Shilpa Shetty and her husband, Raj Kundra, as part of the investigation. The case has political implications, with links to politicians and bureaucrats.

November 20, 2024
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