K'taka Bitcoin scandal takes new twist as BJP leaders said to be under probe

Bengaluru, Nov 1 (IANS): The Bitcoin and drugs scandal in Karnataka, which has already put the ruling BJP and opposition Congress at loggerheads, has created further ripples as the involvement of two powerful ruling party leaders is said to have come to light during the course of investigations.

The scandal is now interlinked with the Bitcoin scandal that has taken place at international banks at a time when the investigation by the Bengaluru police and City Crime Branch is not being pursued and the case is being handed over to the CID.

It has been alleged that two powerful politicians belonging to the BJP have received a big amount to protect the accused and this fact has come to light in the probe of central agencies. According to sources, this is expected to create ripples in state politics.

The central agencies have kept vigil on cyber crimes in the state, cyber activities in coastal Karnataka and economic offences which have a direct link to the Bitcoin scandal. The political involvement in the scandal has become a roadblock for the investigators, according to sources.

The agencies have briefed the Central government on the developments in Karnataka and have been told to keep vigil on the developments in this regard.

The development is said to have shaken some big ruling party leaders in the state, and sources hint at major political developments in the state.

The scandal presently is being investigated by the special team of the CID and it is preparing to submit a preliminary charge sheet in the case related to use of Bitcoins to purchase drugs from the dark net.

The main accused in the case Srikrishna Ramesh a.k.a Sriki is alleged of supplying bitcoins to VVIP customers.

Sriki was arrested by City Crime Branch sleuths last year in connection with drug peddling, and during investigations, the Bitcoin scandal emerged.

The police had seized 31 Bitcoins worth Rs 9 crore later, and the CCB had submitted a charge sheet in the case in March 2021. The case was handed over to CID for further investigations.

It was also brought out in the probe that the main accused Sriki was into hacking, including of a government portal. CCB sleuths have given inputs regarding hacking to interpol and also recommended the Enforcement Directorate move for seizure of property.

Congress leader and former Home Minister Ramalinga Reddy has demanded a judicial probe into the scandal.

"Two influential leaders are hand in glove in the Bitcoin scandal involving drugs. The scandal involves as many as Rs 10,000 crore transactions. The case is being hushed up by the BJP in Karnataka. Why was there so much delay in arresting accused Sriki. If the truth comes out, many BJP leaders will lose their chairs," he alleged.

State Congress President D.K. Shivakumar has claimed that the Bitcoin scandal involves police, politicians, and industrialists and the BJP wants to close the case. Closing cases is the strength of BJP, he claimed.

Reacting to allegations, Chief Minister Basavaraj Bommai has stated that a detailed investigation is underway on the case and there is no question of protecting any person, however influential he is. The government will hand over the case to ED or CBI, once the investigation is completed, he added.

However, Leader of Opposition Siddaramaiah again attacked the BJP, asking why has the case not been taken seriously all these days?

"Why is Chief Minister Bommai talking about handing over the case to ED or CBI now?" he asked, adding that the scandal should not be hushed up by the BJP government at the Centre.

Chief Minister Bommai reiterated that his government is conducting investigations into drugs, money laundering and Bitcoin scandals with all honesty and there is no question of saving anyone. He also sought to know why the accused was not arrested during the tenure of the Siddaramaiah-led Congress government.

"I have declared a war on drugs. Highest quantity of drugs has been seized in the last two and a half years. The cases have been lodged in such a way that the accused get punished and there is no way for them to escape from the clutches of law," he said.

"The accused in the Bitcoin scandal, Shrikrishna Ramesh a.k.a Sriki has been arrested. A case against him was lodged in 2018. However, though police made five to six arrests, Sriki was not arrested," he said.

"Please note which party was ruling at that time (Congress under Siddaramaiah). He obtained bail. Even after that, he was not be called for interrogation. He was also involved in a brawl case in UB City and arrested in that case. If he were to be questioned properly, everything would have come to light then," Bommai contended. explained.

It is only after the BJP came to power that the accused was arrested, he said, adding Sriki's involvement in money laundering, hacking and drug peddling came to light during the course of investigation, and the ED and the CBI were brought in.









Top Stories

Comment on this article

  • Pavan, Mlr

    Tue, Nov 02 2021

    Bjpee MLA MP will shout kathra kathra ..pakistan musalman cow cow...alll scams will vanish kathra kathra....

    DisAgree Agree [4] Reply Report Abuse

  • KUmar, calicut

    Tue, Nov 02 2021

    Congress and opposition are involved in the scam and are blaming the only clean party bjp which consists of Satya Harishchandras . Hence, they will be given clean chit by any court. Congress and opposition parties are trying to divert people attentin for political benefit and blaming very clean bjp. dont worry bjp leaders, court will favor you. YOur HOme Minister Amit Shah will bless you.

    DisAgree [5] Agree [2] Reply Report Abuse

  • Ronald D, Udupi

    Tue, Nov 02 2021

    Majority fooled by religion agenda! Killing of farmers masked by fake drug case! All scams are covered by fuel and gas price and tax and toll! Without bribe nothing works guess except for postal dept. This is new India under feku and daku!

    DisAgree [2] Agree [5] Reply Report Abuse

  • Sandesh, Hyderabad

    Tue, Nov 02 2021

    BJP leaders are trying their best to utilise time to grab wealth as much as possible before next election coz they are sure that Bharat ko jalawo party will be kicked out of india. We find involvement of bjp leaders in almost all the scandles presently going on. Adani, faorite of bjp is involoved in multi billion dollar drug scandal in Gujrat but our Feku PM is speechless. Very strange.

    DisAgree [2] Agree [4] Reply Report Abuse

  • ayes p, kudla/ksa

    Tue, Nov 02 2021

    Tomorrow clean chit after tomorrow facilitation. This is what we have seen since 2014.

    DisAgree [2] Agree [5] Reply Report Abuse

  • Roshan, Mangaluru

    Tue, Nov 02 2021

    There are 100s of scams emerging, but the minute BJP names surfaces, the scams vanish from center stage of media. Media, understandable that these days, they do everything for money. But, people forgetting it so quickly and giving BJP clean chit, despite all wrong doings is something strange. End of the day, someday it will catchup. Like the petrol, gas prices hike.

    DisAgree [2] Agree [5] Reply Report Abuse

  • CA Girish, Chennai

    Tue, Nov 02 2021

    Where there is 'Coin' bound to have scam!

    DisAgree [3] Agree [3] Reply Report Abuse

  • Jossey Saldanha, Thane

    Tue, Nov 02 2021

    They will surely make India a $ 5 Trillion Economy ...

    DisAgree [3] Agree [17] Reply Report Abuse

  • k b r, Mangala Uru

    Mon, Nov 01 2021

    "The scandal involves as many as Rs 10,000 crore transactions." ---- by 2024, the size of scams might reach Rs 1 crore crore.... these will go into GDP and the dream of bhaktha gulaamas of 5 trillion Indian economy will be a certainty...

    DisAgree [11] Agree [31] Reply Report Abuse

  • Gangaram, Moodbidri

    Mon, Nov 01 2021

    They know its their last time to make easy money. so in full fledged money making.

    DisAgree [8] Agree [53] Reply Report Abuse

  • Vishwadeepak, mangalore/dxb

    Mon, Nov 01 2021


    DisAgree [11] Agree [36] Reply Report Abuse

  • Praveen, Mangalore

    Mon, Nov 01 2021

    Nothing to worry...case puska....BJP is in safe hands of Amit Shaji...

    DisAgree [11] Agree [79] Reply Report Abuse

Leave a Comment

Title: K'taka Bitcoin scandal takes new twist as BJP leaders said to be under probe

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.