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CBI told the Supreme Court Friday that it is ready to take over the investigation into the multi-crore bitcoin Ponzi scheme in which several investors were allegedly lured on the promise of handsome returns. CBI said this before a vacation bench comprising Justices M R Shah and A S Bopanna, hearing a plea filed by one of the arrested accused in the case seeking bail. The accused has also sought a CBI investigation in the case saying cases have been lodged against him in several states. Bitcoin or cryptocurrency is unregulated digital money that is issued and normally controlled by its developers and used and accepted among members of a virtual community. Bitcoin is not a legal tender in the country and not recognised as a medium of exchange. Solicitor General Tushar Mehta, appearing for the CBI and Enforcement Directorate (ED), said that it is a "huge" scam involving multi-crores of rupees and the CBI was ready to take over the probe. "This is a huge bitcoin Ponzi scam. He (accused) ..

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