Bitcoin scam: SIT records statement of convict in Hindalga jail in Belagavi
5 months, 1 week ago

Bitcoin scam: SIT records statement of convict in Hindalga jail in Belagavi

The Hindu  

The Special Investigation Team of the Criminal Investigation Department recorded the statement of a murder convict in Hindalga prison in Belagavi on July 9 in connection with the bitcoin scam. The convict, Nagendra, had written to the SIT chief offering to give statement about the scam as he was present during the occurrence of a crime in Parappana Agrahara jail in Bengaluru. Nagendra had written to the SIT chief alleging that when he was in Parappana Agrahara jail in Bengaluru, the police and prison officials had smuggled a laptop inside to hacker Srikrishna Ramesh aka Sriki to enable him to transfer bitcoins. The Bitcoin scam involving Sriki and his associates has been at the centre of a political controversy in Karnataka, with the Congress alleging that top leaders of the BJP, in power at the time of the hacker’s arrest, in collusion with police officials, had received kickbacks in cryptocurrency.

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History of this topic

SIT files one more charge sheet in Valmiki corporation scam; does not name Nagendra again
4 months ago

SIT files one more charge sheet in Valmiki corporation scam; does not name Nagendra again

The Hindu  

The Special Investigation Team, probing the multi-crore scam in Maharshi Valmiki Scheduled Tribes Development Corporation, on Thursday filed a charge sheet in connection with the suicide of Chandrasekharan P., accounts superintendent at the corporation. The charge sheet did not include the names of former Social Welfare Minister B. Nagendra and the bank officials who have been mentioned in the death …

SIT files chargesheet in Valmiki corpn. case; Nagendra, Daddal not named in it
4 months, 2 weeks ago

SIT files chargesheet in Valmiki corpn. case; Nagendra, Daddal not named in it

The Hindu  

The Special Investigation Team of the State police, which is probing the scam at the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd. on Monday filed a chargesheet against 12 accused in the case. Significantly, former Scheduled Tribes Welfare Minister B. Nagendra, who resigned over allegations of his involvement in the irregularities and was arrested by the Directorate of Enforcement …

Bitcoin scam: Karnataka HC strikes down use of stringent crime law against hacker Sriki
5 months, 2 weeks ago

Bitcoin scam: Karnataka HC strikes down use of stringent crime law against hacker Sriki

The Hindu  

In a setback to the Special Investigating Team probing the alleged Bitcoin scam, the High Court of Karnataka has declared as illegal the action of invoking the Karnataka Control of Organized Crimes Act, 2000 against the hacker and prime accused Srikrishna Ramesh alias Sriki in the first case registered in 2017. Pointing out that invoking KCOCA violated a condition prescribed …

Convict seeks probe against senior Karnataka cop who enabled illegal transfer of bitcoins
5 months, 3 weeks ago

Convict seeks probe against senior Karnataka cop who enabled illegal transfer of bitcoins

The Hindu  

A convict at the Hindalga prison in Belagavi has written to the Special Investigation Team probing the Bitcoin scam, requesting it to investigate a senior official for allegedly transferring bitcoins from hacker Srikrishna Ramesh aka Sriki and allegedly collecting gold bars. The letter, written on June 11, accessed by The Hindu, shows that the convict, identified as Nagendra, addressed it …

SIT issues notice to IGP Patil in K’taka Bitcoin scam case
7 months, 1 week ago

SIT issues notice to IGP Patil in K’taka Bitcoin scam case

Hindustan Times  

The Special Investigation Team probing the Bitcoin scam in Karnataka has issued a notice to inspector general of police Sandeep Patil, who was the head of the Central Crime Branch when the scam took place, and was questioned earlier this year, to provide clarifications on the probe conducted against the hacker during his tenure. On Monday, the son of an …

Bitcoin scam: SIT records statement of senior IPS officer
10 months ago

Bitcoin scam: SIT records statement of senior IPS officer

Hindustan Times  

A special investigation team led by additional director general of police Manish Karbikar questioned senior IPS officer Sandeep Patil on Wednesday in connection with the Bitcoin scam. The bitcoins were initially seized from the prime suspects in the Bitcoin scam A few deputy commissioners of police and 10 assistant commissioner of police have also been questioned regarding the Bitcoin scam. …

SIT records statement of IPS officer Sandeep Patil in Bitcoin scam
10 months ago

SIT records statement of IPS officer Sandeep Patil in Bitcoin scam

The Hindu  

The Special Investigation Team of the Criminal Investigation Department probing the alleged bitcoin scam recorded the statement of IPS officer Sandeep Patil, IGP, Karnataka State Reserve Police, on Wednesday. The SIT had earlier booked four police inspectors who were part of investigations of multiple cases involving hacker Sriki and his associate Robin Kandelwala. According to the remand application submitted by …

Investigators transferred bitcoins during probe, destroyed proof: SIT
10 months, 2 weeks ago

Investigators transferred bitcoins during probe, destroyed proof: SIT

Hindustan Times  

The Special Investigation Team of the Criminal Investigation Department, in its probe into the Bitcoin scandal in Karnataka, said that police inspector Prashanth Babu and tech expert Santosh Kumar transferred bitcoins into a cryptocurrency hardware wallet. “They erased the important details related to Sriki’s bitcoin wallets in the Amazon Cloud server and deleted the bash history with the sole intention …

SIT probing Karnataka Bitcoin scam finds accused to have transferred coins to his associate
10 months, 3 weeks ago

SIT probing Karnataka Bitcoin scam finds accused to have transferred coins to his associate

The Hindu  

In the bitcoin scam which is being probed by the Special Investigation Team of the Criminal Investigation Department, one of the accused, identified as Santosh Kumar, had allegedly moved coins to his associate to keep them safe. The Central Crime Branch inspectors who were probing several cases filed against hacker Srikrishna Ramesh aka Sriki were allegedly introduced to Kumar by …

Bengaluru Bitcoin scam: SIT arrests two, including Police Inspector
10 months, 4 weeks ago

Bengaluru Bitcoin scam: SIT arrests two, including Police Inspector

The Hindu  

After six months of investigation into the Bitcoin scam, finally, the Special Investigation Team of the Criminal Investigation Department has arrested two persons, including a Police Inspector. The arrested have been identified as Prashanth Babu, PI, Technical Support Centre, Adugodi and Santosh Kumar K.S., Chief Executive Officer, GCID Technologies Private Limited, HSR Layout. The SIT on Wednesday, January 24, registered …

Bitcoin scam: Karnataka SIT in touch with 30 foreign exchanges
11 months, 2 weeks ago

Bitcoin scam: Karnataka SIT in touch with 30 foreign exchanges

The Hindu  

The Special Investigation Team of the Criminal Investigation Department, which is probing the alleged bitcoin scam, is in touch with over 30 foreign-based bitcoin exchanges in a bid to collect evidence on the movement of cryptocurrencies allegedly moved by hacker Srikrishna Ramesh aka Sriki. Sriki, arrested in a darknet drugs case in 2020 by the Central Crime Branch of Bengaluru …

SIT on the money trail in bitcoin scam: were ‘diverted’ bitcoins cashed out in local banks?
1 year ago

SIT on the money trail in bitcoin scam: were ‘diverted’ bitcoins cashed out in local banks?

The Hindu  

The Special Investigation Team probing the bitcoin scam is close to identifying a money trail that may finally establish that bitcoins were indeed forcefully stolen, diverted into wallets and encashed. Investigation of several officials posted with the Parappana Agrahara prison where hacker Srikrishna Ramesh alias Sriki was lodged in and Central Crime Branch and other source-based information, has reportedly given …

Bitcoin scam: SIT seeks details of hacker Sriki’s stay in Bengaluru Central Prison, officers who were on duty
1 year ago

Bitcoin scam: SIT seeks details of hacker Sriki’s stay in Bengaluru Central Prison, officers who were on duty

The Hindu  

The Special Investigation Team of the Criminal Investigation Department probing the bitcoin scam has issued a notice to the Prison and Correctional Services Department seeking multiple details. According to sources, in a letter sent to the department, the SIT has sought details about hacker Srikrishna Ramesh alias Sriki’s stay in the Bengaluru Central Prison. In the notice issued to the …

Senior prison officials likely to be questioned in Bitcoin scam
1 year, 1 month ago

Senior prison officials likely to be questioned in Bitcoin scam

The Hindu  

The Special Investigation Team probing the controversial Bitcoin scam is likely to question senior officials who were posted with the Karnataka Prisons Department when hacker Sri Krishna was lodged in Parappana Agrahara Central Prison. The SIT during the course of its investigation has reportedly got leads to the hacker being forced to transfer some bitcoins while in judicial custody. Sriki, …

Karnataka CID launches probe against CCB officers in bitcoin scam case
1 year, 3 months ago

Karnataka CID launches probe against CCB officers in bitcoin scam case

Hindustan Times  

The Criminal Investigation Department has initiated an investigation against officers of the Central Crime Branch in connection with the Bitcoin scam case, according to an officer familiar with the development. The CID interrogated prime accused in the bitcoin scam Sri Krishna Ramesh to find out role of CCB officers in the scam. The alleged Bitcoin scam came to light after …

SIT formed to probe Bitcoin scam dating back to previous BJP regime
1 year, 5 months ago

SIT formed to probe Bitcoin scam dating back to previous BJP regime

The Hindu  

The Karnataka government on Monday constituted a Special Investigation Team to reopen and probe an alleged Bitcoin scam that had surfaced during the previous BJP regime. The Bitcoin scam had surfaced during the BJP’s regime and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involved big names. Since …

Will investigate bitcoin scam if anyone shows evidence: Home Minister
2 years, 3 months ago

Will investigate bitcoin scam if anyone shows evidence: Home Minister

The Hindu  

Home Minister Araga Jnanendra on Thursday said the government would investigate the bitcoin scam if those who had been cheated provided evidence. The scam revolves around a money-laundering case against Srikrishna, 26, who along with his associates has been booked for allegedly stealing ₹11.5 crore from a Karnataka government’s e-procurement portal and for hacking into gaming sites and international cryptocurrency …

Bitcoin scam: No question of protecting anybody, says Araga
3 years, 1 month ago

Bitcoin scam: No question of protecting anybody, says Araga

The Hindu  

The Congress on Thursday upped the ante on the alleged bitcoin scam involving two high-profile politicians of the State and demanded a judicial probe as they “do not have faith in any investigating agency” given the attempts at a “cover-up”. The former Home Minister Ramalinga Reddy said there was a suspicion of ₹10,000 crore worth transactions in bitcoins that involve …

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