Bitcoin scandal kingpin Sriki released on bail, says allegations 'bogus'

Bengaluru, Nov 11 (IANS): The main accused in the Karnataka Bitcoin scandal, Shrikrishna aka Sriki, who was released on bail on Wednesday from the Bengaluru Central Prison, said that all the allegations levelled against him were bogus.

He further maintained that the matter of seizing Rs 9 crore worth Bitcoins from him was also totally false. When told that it's the official police statement, he said that it's just a media hype.

"The matter is in the court. Let the court decide," he said.

When asked that what was he doing with three laptops at a hotel, he said they were dysfunctional. He then told mediapersons that he would go and meet his father, who is being treated at the ICU of a hospital.

Sriki also pleaded innocence as to who gave surity for his bail.

The Bitcoin scandal has created a stir in Karnataka politics, putting the Opposition Congress and the ruling BJP at loggerheads.

Priyank Kharge, Congress MLA and son of Opposition leader in the Rajya Sabha Mallikarjun Kharge, said on Wednesday that if the Bitcoin scandal is probed thoroughly, Karnataka will soon see a third Chief Minister.

Ramalinga Reddy, former Minister for Home in Karnataka, said that the scandal involves transaction of thousands of crores of rupees and that BJP leaders received kickbacks using kingpin Sriki.

Former Deputy Chief Minister, G. Parameshwara, said that he has doubts over a fair probe with regard to the Bitcoin scandal.

"It is an international scandal. Hacking has taken place in foreign countries. I have handled the police department. There is specific jurisdiction for cyber laws. It won't come under CRPC either. We have to see how the government investigates the matter," he said.

Sriki and his friend Vishnu Bhat were arrested by the police in connection with a hotel brawl.






Top Stories

Comment on this article

  • KS Mayya, Mangalore/Bangalore

    Thu, Nov 11 2021

    First of all, I am not sure, many in the law enforcement agencies know how bitcoin works. They might as well appoint Sriki as their expert to crack many scams that may be out there in the "catch me if you can" style. I am sure, there must be lot of black money going into purchasing this unregulated cryptocurrency that can be held regardless of which passport you own and without the knowledge of the country of residence. Add to that price escalation of bitcoin, it is the fantastic tool against snap demonetization.

    DisAgree [1] Agree [3] Reply Report Abuse

  • Lobo, Udupi

    Thu, Nov 11 2021

    Well said. Not even 1% aware of cryptocurrency. Which why such crooks are high in demand to launder massive amounts of black money! This well-oiled SriKi gang (today revealed as operating since 2014!) is just one among so many thriving in our country that are looting unbelievable amounts and stashing it safely abroad thx to the dozens of cryptocurrencies available to trade with zero regulations. With corrupt politicians of every shade involved, dont be surprised if the hacker crook goes underground for ever...while drugs, hackers, extortion, kickbacks, mafia, D-company, tax heavens, film stars, IT raid dramas....etc continue to run the TRPs 24/7. No wonder, even the Nigerians call this anarchy as a bannana republic! Pray God, perhaps the central govt realizes the cancer & takes swift & decisive multi-faceted actions.

    DisAgree [2] Agree [5] Reply Report Abuse

  • Hussein, Moodbidri

    Thu, Nov 11 2021

    If politicians are involved, nothing will come out. Their leader will try his level best to proect them. Even they can get assurance of help and get advice not to bother.

    DisAgree Agree Reply Report Abuse

  • Bobby, Mangalore

    Thu, Nov 11 2021

    Because his better half is from majority...

    DisAgree Agree [2] Reply Report Abuse

  • Amith, udupi

    Thu, Nov 11 2021

    Yesterday my neighbour had Bit Coin i saw him in dental clinic ..

    DisAgree Agree [2] Reply Report Abuse

  • Bobby, Mangalore

    Thu, Nov 11 2021

    Dental or Mental...

    DisAgree Agree [1] Reply Report Abuse

  • Umesh Shetty, Mangalore/Dubai

    Thu, Nov 11 2021

    Entire friend/partner circle of criminal Srikrishna Ramesh alias Sriki appear to be sons of super-rich and most corrupt. One of his friends called Nalapad disappeared into thin air after ramming a Rs 4.22 crore Bentley to a motorbike and auto. Another ganja friend called Vishnu Bhat owns a Rs 5 crore Aston Martin Super Car is son of Bhima Jewellers owner and closely connected to a controversial godman of a matha in Blr. Another biz partner, Kolkata-based Robin Khandelwal owns the 2nd largest Bitcoin trading service in India! This Sriki crook living life web size, will soon have a film made with all ingredients of a super-hit from drugs to women to darknet to politics! Seriously: with everything from hawala to drugs, illegal crypto currency, betting, overseas accounts to hacking Govt depts and e-portals, the central Govt along with ED, IT, CBI and NSG must take over and immediately ISSUE NON-BAILABLE WARRANTS and FREEZE ALL THE ASSETS OF EVERYONE CLOSELY ASSOCIATED with this criminal syndicate (it is not just one SriKi), considering the unbelievable amounts laundered illegally, thanks to most-obvious connivance of many officials, underworld and politicians for the last 4-5 years! One could only wish such niche talent was used against the Chinese hackers by our Govt.

    DisAgree [2] Agree [20] Reply Report Abuse

  • Shivraj, Mangalore

    Thu, Nov 11 2021

    Not sure if still practised- earlier Aeroplane method by police --all information got within minutes----- but now thief more valuable than goods stolen--

    DisAgree Agree [10] Reply Report Abuse

  • Kiran Dsouza, Bangalore

    Thu, Nov 11 2021

    There is nothing wrong in hacking Bitcoins, Cryptocurrency is a gambling den. His hacking skills should be utilised by the government. If he has hacked the gambling dens then there is nothing wrong in it. He is a genius if he has hacked such websites. If he has those skills then he may be a asset to the nation.

    DisAgree [2] Agree [5] Reply Report Abuse

  • Samuel Sadanand, Balmatta / Kuwait

    Thu, Nov 11 2021

    Hahaha...!! I knew the outcome would be something like this 🤣🤣🤣

    DisAgree [1] Agree [13] Reply Report Abuse

  • Peter Lobo, Mangalore

    Thu, Nov 11 2021

    There are so many powerful people of all parties and illegal activities very closely involved and hand-in-glove with this extraordinary hacker (claims he has no ID, address, bank account..etc), with "thousands of crores" illegally looted and money laundered since 2018! Aside to giving Z-category security immediately to this #1 targeted criminal from all those involved, all of whom now desperately want everything hushed-up, the Govt must set-up an independent expert investigation team with cyber security and crypto veterans to unravel what is probably one of the biggest cyber-heists in India.

    DisAgree [1] Agree [20] Reply Report Abuse

  • Sunil Shetty, Mangalore

    Thu, Nov 11 2021

    Like ex-Mumbai Cop Param Bir Singh, the Govt will quietly let this criminal too escape to London or Dubai. Case closed & shut for ever!

    DisAgree Agree [17] Reply Report Abuse

  • Latha S, Bangalore

    Thu, Nov 11 2021

    Dead men tell no tales!

    DisAgree Agree [4] Reply Report Abuse

  • Gangaram, Moodbidri

    Thu, Nov 11 2021

    Nothing to comment, It was said BJP top leaders are involved in this scandal, so now clean bail and issue became bogus!!!

    DisAgree [2] Agree [15] Reply Report Abuse

  • Ranjan, Bangalore

    Thu, Nov 11 2021

    TO BORROW-----Murder on the Karnataka Express-- as all parties are involved and need to protect this Scamster - Fooling public with bits and pieces--

    DisAgree [2] Agree [13] Reply Report Abuse

  • Ramesh Rao, Manipal

    Thu, Nov 11 2021

    Only a SC appointed SIT will reveal the mega-scam and truth. While what has been revealed is just tip of the iceberg, so many politician’s sons, film stars, businessman and top officers appear to be Hacker Sriki friends too. Many of his close friends/facilitators like Haris Nalapad, Omer Nalapad, Souyma, Thusar, Abishek, Garry alias Akash, Vandana, Chaitanya, B.Y. Vijayendra..etc apart from former many politician’s and minister's son's like Darshan Lamani and other associates like Hemanth and Suneesh Hegde are all very powerful.

    DisAgree [2] Agree [23] Reply Report Abuse

  • Pavan, Mlr

    Thu, Nov 11 2021

    Thanks to congress Bjpee found future MP and MLA candidate ..He will loot easly once he become MLA or MP

    DisAgree [2] Agree [9] Reply Report Abuse

  • Ozy, Surathkal

    Thu, Nov 11 2021

    He will become next CM of KARNATAKA.

    DisAgree [2] Agree [20] Reply Report Abuse

  • Jossey Saldanha, Thane

    Thu, Nov 11 2021

    Aryan Khan spent 22 days in Jail with no drugs on his body because he was from the Minority ...

    DisAgree [18] Agree [36] Reply Report Abuse

  • Akash, Mlore

    Thu, Nov 11 2021

    MINORITY da drama start aandhu

    DisAgree [20] Agree [16] Reply Report Abuse

  • Ravi, Udyavara

    Thu, Nov 11 2021

    Do you answer for this simple question.. how this minority's father Shah Rukh Khan has become superstar ?

    DisAgree [8] Agree [3] Reply Report Abuse

  • R Bhandarkar, Mangaluru

    Thu, Nov 11 2021

    Send him a parcel of Wada Sambar costing 73 rupees from your Shiv Prasad hotel from Naupada, Thane. He must be famished. Siddu is now fighting for your another Minority leader Tippu. Send him some sambaar and chatni also.

    DisAgree [11] Agree [5] Reply Report Abuse

  • Cynthia, Dk

    Thu, Nov 11 2021


    DisAgree [2] Agree Reply Report Abuse

Leave a Comment

Title: Bitcoin scandal kingpin Sriki released on bail, says allegations 'bogus'

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. 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 be held responsible.