Former Indian Lawmaker Declared ‘Offender’ in 1.3 Million Bitcoin Extortion Case

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Former Indian Politician Declared ‘Proclaimed Offender’ in Bitcoin Extortion Case

A former Indian politician and lawmaker have been declared an ‘Offender’ by a local Court after his association in a criminal kidnapping case complete with extortion in bitcoin.

As per a report by the Indian Express on Monday, a local sessions court in Ahmedabad has acknowledged a request by the Criminal Investigation Department (CID) to declare Nalin Kotadiya, an absconder from the law. Nalin Kotadiya who is a former Member of the Legislative Assembly (MLA) belonging to India’s ruling political party, has been avoiding arrest and court summons ever since his name popped up in a bitcoin extortion case.

As reported by Times of India, the court’s judge read in a ruling, “The court is subjectively satisfied that Nalin Kotadiya has absconded or has been concealing himself, so proclamation under Section 82 of the Criminal Procedure Code is required to be published…the court has no other option but to issue a written proclamation.”

The former legislator is linked to an ongoing case wherein 10 Indian policemen have been involved in many crimes including kidnapping and extortion of a businessman named Shailesh Bhatt, forcing the victim to hand over to hand over some 200 bitcoin worth $1.3 Million at the time.

As reported earlier, the home and offices of the suspected policeman have been charged with all of them arrested after the crime came to light in April this year. Nalin Kotadiya has been blamed for being one of the conspirators masterminding the crime for which he allegedly received money.

In the meantime, the alleged victim Shailesh Bhatt has likewise been accused by the CID of being associated in a separate extortion plot including cash and over 2,000 bitcoins from a member of Bitconnect, an alleged fraud digital currency scheme that assured investors up to 365% yearly returns on their bitcoin investment.

Nishanth Shetty

Nishanth Shetty is a technical writer, author and a crypto-advisor working at Cryptofame. Based in the city of dreams, Mumbai, on the west coast of India. He holds a bachelors degrees from Mangalore University. Nishanth has a myriad experience of technical writings for tech brands. His interests include technology, travel, and food.