Congress accuses BJP of money laundering through “mega Bitcoin scam,” BJP strikes back!

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July 6, 2018 by
Congress accuses BJP of money laundering through “mega Bitcoin scam,” BJP strikes back!

The Indian National Congress (INC) has implicated the ruling celebration (BJP) of being involved in a “huge Bitcoin scam.” According to Hindustan Times, they’ve affirmed that the BJP has orchestrated a Bitcoin scam worth over 5000 crores! Congress speaker, Shaktisinh Gohil, said that Gujarat Police has discovered this scam and also the state’s leading BJP leadership was included. He even more specified that these leaders were converting black cash through hawala transactions.
Formerly, 13 BJP MLA’s from the state of UP had actually declared to have gotten dangers through WhatsApp messages. They affirmed that they were being extorted as well as asked to down payment 10 lakh into a Bitcoin account.

Talking to press reporters regarding the alleged rip-off, Gohil claimed,

” There were records of the state police blackmailing some entrepreneurs in Surat for extortion and also named a former BJP legislator as one of the authorities.”

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

He even called the President of the Bharatiya Janata Event, Amit Shah. He claimed,

” As the BJP is scrambling for solution to describe just how Ahmedabad Area Cooperative Bank, whose director is BJP chief Amit Shah, received old currency worth ~ 745.58 crores in simply 5 days and also just how ~ 3118.51 crores was deposited in 11 area co-operative banks linked with BJP leaders in Gujarat itself, a brand-new ‘huge bitcoin rip-off’ worth more than Rs 5,000 crore has actually been unravelled in the state.”
According to Gohil, the demonetization performed by the current federal government was a tactic to cover their cash laundering. He alleges that both demonetization and also this Bitcoin scam was to convert their black cash into white. He additionally included,

” We demand a neutral Supreme Court-monitored judicial investigation in this maze of ‘huge bitcoin scam’ so that the reality comes out.”

The BJP, on the other hand, dismissed these allegations deeming them laughable. Anil Baluni, the representative for BJP, claimed these accusations by the INC were absurd. Discussing the claims, he said it could not get even more unfortunate compared to this as Gujarat Cops had cracked the instance. He further added that the police had acted against numerous individuals associated with the case.

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

The BJP spokesperson stated,

” The dirty tricks department of the Congress goes to job to spread out confusion and lies. It is condemning the authorities, which has actually revealed the instance. I wonder if the Congress is aiming to assist somebody in this instance as part of a conspiracy.”

India as well as cryptocurrency share a rocky partnership. The Reserve Bank of India (RBI) has released a ban on cryptocurrency trading. And complying with that they issued an order guiding financial institutions to stop supplying solutions to crypto exchanges and investors. The Indian crypto neighborhood attracted the High court to grant a stay versus the RBI’s ban on cryptocurrency. But this was fruitless, as the Supreme Court refused to remain the RBI’s ban. Currently it seems crypto exchanges and traders are back to fresh start, with no financial institution ready to offer services!

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