Money control
“We suspect certain bitcoin transactions between the main accused Amit Bharadwaj and Raj Kundra. And we are investigating Kundra to ascertain if he has gained anything from it. Raj Kundra and Amit Bhardwaj might have some links in Hash mining for Bitcoin in China,”
Kundra mentioned and told the authorities that Bhardwaj was interested in buying a team in the poker league run which was run by him. However, Bharadwaj offered to pay for it in Bitcoin.
Bharadwaj’s request was declined and led to his contract being terminated, as he had failed to make the payment. Kundra also said that the ED wants to make him a witness in the case against Bharadwaj, something he has agreed to do.
Around 8,000 investors are said to have lost around Rs 2,000 crore to the scam, purportedly the largest in India involving cryptocurrencies, allegedly run as a multi-level marketing scheme by Amit Bhardwaj, the founder of bitcoin-based investment website GainBitcoin.
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