Congress leaders on Thursday accused the ruling party BJP of a multi-crore scam involving money laundering via Bitcoin trading in Gujarat.
After giving the details, Congress leader claimed that a bitcoin scam of around Rs 5000 crore ($763 Million), and could be even up to Rs.88000 Crore which will amount to $12 Billion.
Although it is unclear how it can add up to $12 Billion as that would have been a majority of the market cap at the time and it is hard to imagine most of Bitcoin being traded in just one city.
He also claimed that the state top BJP leader was involved in black money via hawala transactions.
Spokesperson of Congress Shaktisinh Gohil said:
There were reports of the state police blackmailing some businessmen in Surat for extortion and named a former BJP legislator as one of the kingpins
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 crores in just five days and how ~3118.51 crores 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
Gohil, has also stated that demonetization was used by the BJP to convert its black money to white and this transaction of black money is being used to convert their black money illegally.
“We demand an impartial Supreme Court-monitored judicial investigation in this maze of ‘mega bitcoin scam’ so that the truth comes out,” he claimed.
BJP leader Anil Baluni said that the allegations were fake and laughable.
“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,” Baluni said.
The Indian Crypto market has been on a roller coaster ride with the scams and the central bank’s pressure to close down Cryptocurrencies in India. The RBI had issued a notice 3 months ago which prevents banks from operating with Crypto exchanges which will be in effect from today.
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