Congress accuses BJP of money laundering through “mega Bitcoin scam,” BJP strikes back!

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July 6, 2018 by
Congress accuses BJP of money laundering through “mega Bitcoin scam,” BJP strikes back!

The Indian National Congress (INC) has implicated the ruling party (BJP) of being involved in a “mega Bitcoin fraud.” Inning Accordance With Hindustan Times, they have actually declared that the BJP has orchestrated a Bitcoin fraud well worth over 5000 crores! Congress representative, Shaktisinh Gohil, stated that Gujarat Authorities has actually uncovered this scam and also the state’s leading BJP leadership was involved. He further mentioned that these leaders were transforming black money using hawala purchases.

Previously, 13 BJP MLA’s from the state of UP had claimed to have actually received dangers through WhatsApp messages. They declared that they were being extorted and asked to down payment 10 lakh right into a Bitcoin account.

Talking to press reporters about the claimed scam, Gohil claimed,

” There were records of the state police blackmailing some business owners in Surat for extortion and named a previous BJP legislator as one of the authorities.”

See Additionally: Transaction of over 8 lakhs to extortionists account found in Indian Bitcoin extortion instance
He even called the President of the Bharatiya Janata Party, Amit Shah. He said,

” As the BJP is scrambling for answers to discuss just how Ahmedabad District Cooperative Financial institution, whose director is BJP principal Amit Shah, obtained old money worth ~ 745.58 crores in just 5 days and also just how ~ 3118.51 crores was transferred in 11 area co-operative banks related to BJP leaders in Gujarat itself, a brand-new ‘huge bitcoin scam’ worth more than Rs 5,000 crore has been untangled in the state.”

According to Gohil, the demonetization carried out by the existing federal government was a tactic to hide their loan laundering. He declares that both demonetization and this Bitcoin scam was to convert their black cash into white. He additionally added,

” We demand an impartial Supreme Court-monitored judicial investigation in this labyrinth of ‘mega bitcoin rip-off’ so that the fact comes out.”

The BJP, on the other hand, dismissed these accusations deeming them laughable. Anil Baluni, the speaker for BJP, stated these allegations by the INC were absurd. Speaking about the claims, he stated it couldn’t obtain more unfortunate compared to this as Gujarat Authorities had actually broken the situation. He further added that the authorities had acted against several people associated with the instance.

See Additionally: No break for Indian cryptocurrency exchanges, SC refuses to stay RBI’s regulation
The BJP agent stated,

” The dirty tricks division of the Congress goes to work to spread confusion and also lies. It is blaming the cops, which has actually discovered the case. I wonder if the Congress is attempting to assist someone in this instance as part of a conspiracy theory.”

India and cryptocurrency share a rocky connection. The Reserve Bank of India (RBI) has actually issued a ban on cryptocurrency trading. And complying with that they issued an order guiding banks to quit offering services to crypto exchanges as well as traders. The Indian crypto neighborhood attracted the Supreme Court to grant a stay versus the RBI’s ban on cryptocurrency. But this was to no avail, as the Supreme Court refused to remain the RBI’s restriction. Currently it appears crypto exchanges as well as investors are back to fresh start, without financial institution prepared to supply services!


A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website 1Bigbitcointeam.

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