Pune: The Cyber Crime Cell of Pune city police on Monday submitted over 4,000-page chargesheet against nine persons including Amit Bharadwaj, the mastermind of India’s most infamous cryptocurrency-based Ponzi schemes run under the names GainBitcoin, GBMiners and GB21.
The chargesheet was filed in the court of Special Judge RN Sardesai. There are two FIRs filed from Pune. In the case registered with Dattawadi police station, 57 people have approached the police, while 170 persons have approached the Nigdi police, stating that they have been duped of 1,750 Bitcoins.
The police have seized 206 Bitcoins, 79.999 Etherium and Rs 38.96 lakh cash from the accused.
The chargesheet names architect Kajal Jitendra Singvi (25) of Maharshi Nagar, businessman Vyas Narhari Sapa (46) from Bhavani Peth, Amit Mahendrakumar Bharadwaj (35), Vivek Kumar Mahendrakumar Bharadwaj (31), Sahil Shriomprakash Bagal (28), Nikunj Virendrakumar Jain (29), all residents of New Delhi, Hemant Chandrakant Bhope (46), Hemant Vishwas Suryawanshi (51) of Baner and Pankaj Adlakha (40) of New Delhi.
The chargesheet stated that Bharadwaj slowly gained trust over his family members before asking them to join his company.
Police investigations revealed that in Dubai, Amit bought a flat worth Rs 5 crore in Burj Khalifa, seven offices worth Rs 17 crore in Jumera Lake Towers, a flat worth Rs 2 crore at Marine Princess Tower and four offices in Business Bay worth Rs 3 crore.
After failing to return money of investors who had invested in Bharadwaj’s company through bitcoins, Bharadwaj floated his own cryptocurrency Mcap.
The scam came to light when people realised Mcap’s value was almost negligible compared to Bitcoin and decided to approach the police.
The accused has also routed the bitcoins to companies in USA, Hong Kong and Dubai, the chargesheet states.