Indian National Congress, the opposition party of India has allegedly accused a top official from the Bharatiya Janata Party [BJP], the ruling government of participating in an INR 5 crore ‘Bitcoin scam’. This allegedly took place in PM Narendra Modi’s native state Gujarat.
Congress, on July 5th, has also urged the Indian Supreme Court to conduct a probe into the scam that has allowed a large amount of black money into the market.
Shaktisinh Gohil, a Congress spokesperson, also added that the black money was converted via hawala transactions. In India, Hawala transactions are the transactions that take place without promissory notes. They are solely based on trust between the hawala brokers.
The spokesperson also told an Indian news agency that he had come across the reports of a businessman from Gujarat being blackmailed by the state police for extortion. The Congress official accused a former BJP lawmaker as one of the persons involved. He further added:
“As the BJP is scrambling for answers to explain how Ahmedabad District Cooperative Bank, whose director is BJP chief Amit Shah, received old currency worth ~745.58 crore in just five days and how ~3118.51 crore was deposited in 11 district co-operative banks linked with BJP leaders in Gujarat itself, a new ‘mega bitcoin scam’ worth more than RS 5,000 crore has been unravelled in the state.”
The accusations did not stop here. Gohil took a shot on demonetization that was introduced by the Modi government in December 2016. According to him, under the pretext of demonetization, the government wanted to convert all ‘black money’ into white. Likewise, ‘the mega Bitcoin scam’ also surfaced for the same reasons.
On this, the BJP spokesperson commented:
“The dirty tricks department of the Congress is at work to spread confusion and lies. It is blaming the police, which has uncovered the case. I wonder if the Congress is trying to help somebody in this case as part of a conspiracy.”
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