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2.2 Learned senior counsel has further submitted that, since the applicant received huge amount against his investment, the applicant was abducted on 11.02.2018 by the personnel of LCB Police Station, Amreli and was detained illegally for days together, mercilessly beaten up and threatened at gun point. The applicant was subjected to torture and the police personnel extorted Rs.12 Crores in the form of Bitcoin and further demanded a ransom of Rs.50 Crores and after agreeing to the demand of the LCB personnel by the applicant, the applicant was released from the illegal custody of the LCB personnel. He has further submitted that, immediately on release of the applicant, a complaint was given on dated 23.02.2018 by the applicant to the Honourable Home Minister of Gujarat, who transferred the complaint NEUTRAL CITATION R/CR.MA/22347/2024 ORDER DATED: 21/02/2025 undefined for investigation to DIG, CID Crime, Gujarat State. He has further submitted that pursuant to the complaint, an FIR was registered on 08.04.2018 with the CID Crime Police Station, Gandhinagar being I- CR No.02 and after investigation of the offence, the Charge-sheet came to be filed on 13.02.2019 against the officials of the LCB, Amreli.

"I. On 01.02.2018, 2091 Bitcoins in the Bitcoins wallet address bearing No. 1P2QDxC5Gq5YbZ8ZH9RMZGdvXtsyNKCubr.

NEUTRAL CITATION R/CR.MA/22347/2024 ORDER DATED: 21/02/2025 undefined II. On 01.02.2018, 11,000 Litecoins (equivalent to 166 Bitcoins) in the Litecoin wallet address bearing No. Ld7KJZAidw9h4xpeV5qVkvMNKrtxR7NCB.

3. Learned advocate Mr. Ankit Shah appearing for the respondent no.2 has submitted that the applicant herein was not arrested on the ground that the applicant had not co- operated with the investigation but he was arrested on the ground of misleading the investigation by not providing details as regards disposal and dissipation of the proceeds of crime. He has further submitted that the arrest memo issued to the applicant on 13.08.2024 explains the circumstances which warranted the arrest of the applicant. Therefore, it is not correct on the part of learned senior counsel appearing for the applicant to contend that the applicant was arrested only on the ground of non-cooperation during the course of investigation. He has further submitted that the applicant NEUTRAL CITATION R/CR.MA/22347/2024 ORDER DATED: 21/02/2025 undefined herein had invested amount Rs.1.7 Crores in Bit Connect Ltd. which was owned and controlled by one Satish Kumbhani. He was promised to give return @ 0.5% - 2% over the said amount on daily basis. However, the said BitConnect Ltd. had thereafter been closed which resulted into loss to the present applicant and to overcome the said loss, the applicant along with the other co-accused had hatched a conspiracy and as a part of the said conspiracy, one Piyush Savaliya was kidnapped on 30.01.2018. While one Dhaval Mavani came to be kidnapped on 01.02.2018. These persons were employees of BitConnect at the relevant time. After kidnapping aforesaid two persons, the applicant herein had extorted 2091 Bitcoins, 11,000 Litecoins and Rs.14.5 Crores cash from Dhaval Mavani and thereafter, the said Dhaval Mavani was released from captivity. The applicant herein has not provided correct information as regards disposal of amount which had been extorted by him from the said Dhaval Mavani. He has further submitted that Section 45 of Prevention of Money Laundering Act, 2002, requires this NEUTRAL CITATION R/CR.MA/22347/2024 ORDER DATED: 21/02/2025 undefined Court to come to the conclusion that the applicant has not committed an offence in question and he is not likely to commit such an offence if he is ordered to be enlarged on bail. Having regard to material collected during the course of investigation, it cannot be said that the applicant has not committed any offence nor it can be said that the applicant will not commit any offence, if he will be enlarged on bail. He has, therefore, submitted to dismiss the present application.