14 sentenced to life imprisonment including BJP leader over Bitcoin extortion!

[Bitcoin Smith]

A special anti-corruption court here on Friday sentenced 14 people — 11 police officials including former Amreli district superintendent of police Jagdish Patel, a former BJP MLA from Amreli, Nalin Kotadiya, and two others — to life imprisonment in a 2018 case involving the kidnapping of a Surat businessman to extort cryptocurrency from him. While special judge B B Jadav held the 14 people guilty of criminal conspiracy, kidnapping for ransom, illegal detention and assault, he acquitted one accused, Jatin Patel.

Full story: https://timesofindia.indiatimes.com/city/ahmedabad/bitcoin-extortion-case-ex-bjp-mla-ex-sp-among-14-handed-life/articleshow/123591797.cms

Looks like a big news regarding the bitcoin case but I didn't see about this is any social media posts nor TV, Did you guys read it?

And this is just an illustration of how our corrupted system is, the one who is supposed to maintain the law and order is conspiring with the kidnappers and stealing money from the bitcoin and this came into a result because the victim is not just some average middle class person but a big fish too so imagine what happened if it's an average joe.

[JSRAW]

Guess someone posted this news here few years back because I do remember reading about this Gujarati businessman and how he was tortured for bitcoins.

Took almost 7 years but finally judgement came. Moral of the story is keep your corn safe and no need to advertise anything to anyone.

[pawanjain]

A special anti-corruption court here on Friday sentenced 14 people — 11 police officials including former Amreli district superintendent of police Jagdish Patel, a former BJP MLA from Amreli, Nalin Kotadiya, and two others — to life imprisonment in a 2018 case involving the kidnapping of a Surat businessman to extort cryptocurrency from him. While special judge B B Jadav held the 14 people guilty of criminal conspiracy, kidnapping for ransom, illegal detention and assault, he acquitted one accused, Jatin Patel.

Full story: https://timesofindia.indiatimes.com/city/ahmedabad/bitcoin-extortion-case-ex-bjp-mla-ex-sp-among-14-handed-life/articleshow/123591797.cms

Looks like a big news regarding the bitcoin case but I didn't see about this is any social media posts nor TV, Did you guys read it?

And this is just an illustration of how our corrupted system is, the one who is supposed to maintain the law and order is conspiring with the kidnappers and stealing money from the bitcoin and this came into a result because the victim is not just some average middle class person but a big fish too so imagine what happened if it's an average joe.

I didn't hear of this news earlier but this is definitely shocking. Almost similar to a movie plot.
Good that the victim finally got justice but I guess he still hasn't got back his full money yet.
Seems that the victim himself had extorted money from his ex-partner. Looks like "chor ke ghar chori".

[Bitcoin Smith]

Moral of the story is keep your corn safe and no need to advertise anything to anyone.

The concept of privacy is a joke when it comes to our country and for the fact we yet to have any proper laws protecting internet security and data in our country like UK that is why every social media wants to operate in India so they can siphon all the data they can and sell it back to the big companies where there is 1.5 billion people market there.

I didn't hear of this news earlier but this is definitely shocking. Almost similar to a movie plot.
Good that the victim finally got justice but I guess he still hasn't got back his full money yet.
Seems that the victim himself had extorted money from his ex-partner. Looks like "chor ke ghar chori".

Karma? But he extorted his money so it can't be a karma effect.

But what happened in our system is what becomes a concern, even a big shot like these has to go through 7 years of legal battle and who knows how many under table transactions to make this happen but imagine a common middle class people who lost a couple of lakhs has no way to recover it back.

[MystPhysX]

Funnily enough around the time this incident first happened, there were rumours swirling around my extended friend group that I had a substantial number of BTC. It was all untrue and I made sure to shut down the rumours ASAP since there were politician's kids in the circle and I was afraid some might take notice.

Glad I took those steps because who wants to get roughed up just for them to find out the rumours held no water. I never found out who started the rumours either.

[pawanjain]

Funnily enough around the time this incident first happened, there were rumours swirling around my extended friend group that I had a substantial number of BTC. It was all untrue and I made sure to shut down the rumours ASAP since there were politician's kids in the circle and I was afraid some might take notice.

Glad I took those steps because who wants to get roughed up just for them to find out the rumours held no water. I never found out who started the rumours either.

It would have definitely been a person close to you people just can't tolerate others' success. They get jealous soon and some spread rumours just to annoy us.
Good that the rumours stopped because if the same fate would have happened to you then your life would have been at risk.
You know that you don't hold a big number of BTC but how would you prove that ? There is no way to prove that.
They could suspect you of holding those substantial amount of BTC in some unknown wallet.

[MystPhysX]

Funnily enough around the time this incident first happened, there were rumours swirling around my extended friend group that I had a substantial number of BTC. It was all untrue and I made sure to shut down the rumours ASAP since there were politician's kids in the circle and I was afraid some might take notice.

Glad I took those steps because who wants to get roughed up just for them to find out the rumours held no water. I never found out who started the rumours either.

It would have definitely been a person close to you people just can't tolerate others' success. They get jealous soon and some spread rumours just to annoy us.
Good that the rumours stopped because if the same fate would have happened to you then your life would have been at risk.
You know that you don't hold a big number of BTC but how would you prove that ? There is no way to prove that.
They could suspect you of holding those substantial amount of BTC in some unknown wallet.

That issue with proving I held next to nothing was exactly it. Thankfully everyone basically laughed and believed me when I jokingly asked them why I would still be living with my parents if I supposedly had so much BTC.

[pawanjain]

That issue with proving I held next to nothing was exactly it. Thankfully everyone basically laughed and believed me when I jokingly asked them why I would still be living with my parents if I supposedly had so much BTC.

Could be off topic but what's wrong in living with parents ? After all, we are from India and it's quite normal in here to live with parents.
In fact, some people live in a joint family and so even if we have lots of money, I don't think living with parents is something wrong ?

[MystPhysX]

Could be off topic but what's wrong in living with parents ? After all, we are from India and it's quite normal in here to live with parents.
In fact, some people live in a joint family and so even if we have lots of money, I don't think living with parents is something wrong ?

As a standalone basically nothing is wrong with it. However, in context it made sense for the friend group as they already knew I had been looking forward to moving and that supposed level of money would have more than afforded it.

[Bitcoin Smith]

That issue with proving I held next to nothing was exactly it. Thankfully everyone basically laughed and believed me when I jokingly asked them why I would still be living with my parents if I supposedly had so much BTC.

Could be off topic but what's wrong in living with parents ? After all, we are from India and it's quite normal in here to live with parents.
In fact, some people live in a joint family and so even if we have lots of money, I don't think living with parents is something wrong ?

This is something can relate to when we are Asians and in other part of the world it is considered as taboo, Do you remember the host asked Aishwarya Rai about living with her parents and what she replied to shut him down.

It's part of our culture and that's how we used to be but also we keep our finances separate to each other and help them when they are in needs but slowly the trend is changing due to western influence.