SURAT: The home department of state government on Wednesday issued orders to attach properties worth Rs4.25 crore of four accused involved in
bitcoin racket worth several crores. CID crime had proposed
seizure of the properties under Gujarat Protection of Interest of Depositors (in Financial Establishments) Act.
An offence was registered against Satish Kumbhani, Dhaval Mavani, Suresh Gorasiya and Divyesh Darji for their involvement in the racket in Surat by CID crime earlier this year. Police later arrested Darji from New Delhi. CID crime has already issued a look out notice against the other three accused to stop them from leaving the county. However, police officials are not sure if the accused had already left the country.
CID crime has initiated the process of seizure of properties which had much higher market value and will be roping in other government departments too. Police investigations found that the accused owned plots of land and shops in Vadodara and Surat city and district.
After registering their company in the United Kingdom in 2016, the accused opened offices in Utran and Mota Varachha areas of Surat. They carried out marketing campaigns in Vietnam, Malaysia, Indonesia, South Korea, Japan, Philippines, Dubai and the United States to promote bitcoins. They were able to receive investments from people from all these countries after they promised them high returns.
Picture used for representational purpose only
