Bitcoin extortion case: Amreli SP detained by Gujarat CID

Press Trust of India  |  Ahmedabad 

Superintendent of Police (SP) Jagdish Patel has been detained by the CID-Crime for questioning for his alleged role in extorting bitcoins and cash from a builder, an said today.

"SP Jagdish Patel has been detained by us for questioning. He has not been arrested yet," CID-Crime DGP said.

A few days back, a from district, Anant Patel, was arrested in the case. He is accused of extorting bitcoins worth crores of rupees and cash from Surat-based builder

Besides Anant Patel, nine other policemen and a middleman from had been made accused in the case. Before Anant Patel, two constables and the middleman were also arrested by the probe agency.

Notably, Jagdish Patel's name does not figure in the FIR.

On April 8, the CID-Crime registered a case against and others for allegedly kidnapping Bhatt and extorting bitcoins, a popular crypto-currency, and some cash from him.

They were booked under IPC sections related to kidnapping, extortion, illegal detention as well as under relevant provisions of the Prevention of Corruption Act.

Bhatt, in his compliant, had alleged he was kidnapped from near a hotel in Gandhinagar by the accused policemen on February 9.

The realtor had claimed he was taken to a farmhouse near the state capital where beat him and forced him to digitally transfer 200 bitcoins worth crores of rupees.

Police had earlier said they were verifying Bhatt's claim of digitally transferring 200 bitcoins to

The exchange rate of one bitcoin is over Rs 5 lakh at present, as per the websites which track the prices of crypto- currencies.

Bitcoin is a type of digital money that is issued and normally controlled by its developers and used and accepted among the members of the

The Centre has said it does not recognise bitcoin or any other crypto-currency as legal tender in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 23 2018. 11:40 IST