BitConnect developer apprehended after scam charges

Divyesh Darji, a former promoter of the investment company crypto-currencies BitConnect , has been arrested on arrival in the Indian capital.

Arrest in the national capital

Darji was intercepted by immigration services at Delhi airport when he left Dubai. The man would have prompted investment in the Bitconnect cryptocurrency platform that turned out to be a scam.

Inspector PG Narwade of the Criminal Investigation Department of the Gujarat Police spoke on the arrest of Divyesh Darji on Saturday, August 18, saying:

"Darji lived in Dubai. A surveillance warrant was issued against him. The Immigration Ministry alerted us when he was on his way from Dubai to Ahmedabad, after which he was arrested today in the evening. "

Bitconnect is a scam

Local police officials said the company had issued * 28 million cryptocurrencies before ceasing operations in January.

"The company was started in 2016, and in 2017 it launched the BitConnect cryptocurrency. She remained active until January of this year. It released 28 million cryptocurrencies, of which 18 million were sold to investors. " *(Note:. 2.8 crore / 1.8 crore / millions of crypto-currencies or equivalent million dollars Sources are contradictory Thank you for your understanding.).

"The defendants have organized seminars, events in India and other countries, promising a high interest rate - daily interest rate of 1% - on investment in BitConnect digital tokens. The cost of a BitConnect on January 16, 2018, when the company closed, was US $ 362. "

"They promoted the company on social media by hosting gala ceremonies in cities around the world. They have attracted investors with a monthly interest of 60% and incentives as a benchmark interest, "said Ashish Bhatia, an organized crime official at CID.

Police authorities then filed complaints of fraud against owners, promoters and administrators of Bitconnect in the IPC section and articles of the Gujarat Investor Protection Law.

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