ANOTHER SCAME IN INDIA A POLICEMEN EXTORTING 200 BITCOINS

Police in India have an awful notoriety for coercion and gift, however in a to start with, the policemen have gone rather technically knowledgeable in their approach — they are discarding fiat for Bitcoin.

Eight policemen have been captured by the criminal examination division (CID) in the Indian territory of Gujarat for purportedly coercing 200 BTC from an agents, revealed Indian national day by day Hindustan Times.

Shailesh Bhatt, a neighborhood representative, had recorded a dissension against the policemen asserting snatching and coercion. The blamed involved three a larger number of individuals other than the policemen including a legal advisor and an 'operator', who went about as a fixer between the policemen and the specialist.

Following the grievance, two of the blamed policemen have just been captured while the rest have gone underground, said the Director General (DG) of the Gujarat CID.

As indicated by the DG, the blamed policemen had called the specialist to Gandhinagar (Gujarat's capital) on February 11, where they kidnapped him and took him to a farmhouse. This is the point at which the charged policemen purportedly constrained Bhatt to exchange 200 BTC to a unidentified record.

The policemen discharged Bhatt that day after he guaranteed to give them an expansion 320 million Indian rupees through hawala, the DG disclosed to Indian media. He additionally included that the CID had so far not found any confirmation of Bitcoin exchange but rather has discovered proof for snatching, unlawful repression, dangers and the payment request.

The DG additionally estimated that Bhatt may have been focused by the policemen due to an objection they had gotten against him for professedly taking Bitcoins from somebody himself.

This isn't the first run through law requirement has been involved in taking digital currency. In 2015, two previous government specialists were accused of taking Bitcoin amid the Silk Road test.

Digital forms of money have been running a considerable measure of awful news in India as of late. Bharadwaj siblings, the proprietors of 'India's first Bitcoin mining business', were simply captured a week ago to run a trick of $300 million, after steady grievances against them since 2015.

The save bank of India has additionally issued an order against Indian banks to enjoy with any digital money related business — despite the fact that there're no legitimate repercussions required on anybody yet.