period of 18
months on their investments made in said 'bitcoins' (crypto currency). The
accused had assured the complainant that their company ... authorized
miners of Bitcoins in India, having pan-India operations and that the entire
business was legal. Thus, the complainant was induced to believe
field and had
become aware of user ID /password had transferred bitcoins in
the account of their relatives and friends including the
Applicants.
Sneha Chavan ... Dentist by profession and they are neither experts nor dealing in
Bitcoins or crypto currencies. It is submitted that they were
unaware of any such
applicant Mr. Hemand Bhope
was taken in custody in a "Bitcoin" fraud case.
3. The first informant and her husband claimed to have ... frame only after
co-accused Hemant was allegedly arrested in connection with
Bitcoin fraud case. The applicant initially promised to refund
the amount
were allured into investing an amount of more than `85 lacs in
Bitcoin Company through Jab Pay Company and the same were pledged ... petitioner Dushyant Aggarwal had convened a meeting on
7.5.2017 on behalf of Bitcoin company at Country Inn Hotel, Amritsar and
the aforesaid complainants and other
Private Limited was floated
2
by applicant and in the name of Bitcoin, it is alleged that 1crore, 87 lacs
rupees were collected from ... collected Rs.1
crore 87 lacs on the name of deposit. Bitcoin is not a recognized currency
in India. The sons of the applicant
During meeting, it was
assured by the promoters investment in Bitcoin will yield high return. Later on he
came to know that no business transaction ... both the petitioners to the
investors. It is further submitted that two Bitcoins worth Rs.11,42,120/- have been
given to the informant
Rajendra Sharma through which money of complainant was
allegedly invested in Bitcoin (Cryptocurrency), therefore, his role is confined to
get the transaction done between purchaser ... which was taken by applicant from
complainant was never invested in Cryptocurrency (Bitcoins) and siphoned
off.
Moot question arises at this stage is whether Bitcoins
return thereof would be in Crypto Currency
Exchange as BTC Dollar (Bitcoin). After telling that, Sushil
Jaryal had shown receipt of BTC in Block Chain
return thereof would be in Crypto Currency
Exchange as BTC Dollar (Bitcoin). After telling that, Sushil
Jaryal had shown receipt of BTC in Block Chain
persons is required to be recorded
and one report from Bitcoin data protection officer
is awaited. The grounds are also not tenable as six
month
