Police raid and alleged $78M bitcoin fraud rock India election
Police raid and alleged $78M bitcoin fraud rock India election Allegations of a $78 million crypto fraud and a police raid are rocking Assembly elections in India’s Maharashtra state, which are underway at press time. Maharashtra is India’s wealthiest state and home to the country’s financial capital, Mumbai. The ruling Mahayuti alliance, which includes prime minister Narendra Modi’s BJP party, faces main opposition from the MVA, a coalition that includes the NCP (SP). Just days before polling opened, a former police officer accused MP Supriya Sule of the NCP (SP) of misappropriating seized bitcoin to fund its election campaign . They claim that Sule and state Congress chief Nana Patole took bitcoin that had been confiscated by police from a 2018 fraud case. In 2018, crypto dealer Amit Bharadwaj was arrested by Pune police and his wallet containing Rs 6,600 crore ($78 million) was seized. The whistleblower claims that former Pune Police ...