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Re-Examining Multi-Crore Bitcoin Scam, Says Karnataka Home Minister

Re-Examining Multi-Crore Bitcoin Scam, Says Karnataka Home Minister

NDTV
Wednesday, June 14, 2023 12:07:17 PM UTC

The main suspect was accused of hacking the e-procurement site and siphoning off over Rs 11.5 crore. There were also charges of cryptocurrency theft.

Karnataka Home Minister G Parameshwara said today that the state government is re-examining the multi-crore Bitcoin scam, which had surfaced during the previous BJP regime in 2021.

The Congress, then in opposition, had accused the Basavaraj Bommai government of trying to cover it up as it "involved big names".

"We (Congress) are in the government now, we are opening things. I'm re-examining the Bitcoin case, we are doing it. It's not even a month since we came to power." Mr Parameshwara told reporters in response to a question.

The prime suspect, Srikrishna Ramesh alias Sriki , was accused of hacking the state government's e-procurement site and siphoning off over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case.

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