{"id":44969,"date":"2025-08-31T13:16:51","date_gmt":"2025-08-31T13:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=44969"},"modified":"2025-08-31T13:16:51","modified_gmt":"2025-08-31T13:16:51","slug":"bitcoin-extortion-case-indian-court-hands-14-life-sentences-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=44969","title":{"rendered":"Bitcoin Extortion Case: Indian Court Hands 14 Life Sentences \u2013 Details"},"content":{"rendered":"
\n

In a major development, a court in India has sentenced 14 individuals, including a former police superintendent, to life imprisonment over kidnapping and a Bitcoin (BTC)<\/a> extortion crime. The case, which originally began in 2018, finally concluded last Friday, finding 14 out of 15 defendants guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and assault.<\/p>\n

A Bitcoin Crime Scandal<\/strong><\/h2>\n

According to the local media outlet The Times of India<\/a>, Jagdish Patel, a then-Amreli SP, and Nalin Kotadiya, a former Bharatiya Janata Party (BJP) Member of Legislative Assembly (MLA), had learned that Surat Businessman Shailesh Bhatt successfully recovered 752 Bitcoin from a failed business venture run known as BitConnect.<\/p>\n

Thereafter, Patel and Kotadiya orchestrated Bhatt\u2019s abduction involving 11 police officials from the Amreli district, including the local crime police inspector Anant Patel. The businessman was reportedly kidnapped on February 11, 2018, and detained in a farmhouse near Gandhinagar, where he was assaulted and questioned about his recently salvaged capital.<\/p>\n

Under this traumatic condition, Bhatt confessed to having kept 176 Bitcoin with his business partner, Kirit Paladiya, and sold the remainder of the recovered funds for \u20b944 crore ($4.99 million). Thereafter, the kidnappers agreed to release Shaliesh Bhatt on the condition that he would transfer 176 BTC and \u20b932 crore ($3.63 million). However, when Bhatt reneged on this agreement, he was forced by the defendants to sell 34 bitcoins from Paladiya\u2019s wallet for \u20b91.32 crore ($149,700).<\/p>\n

Court Justice<\/strong><\/h2>\n

In April 2018, Bhatt would eventually file a complaint with the Union Home Ministry, leading to the arrest of 15 persons. The case was heard at the special anti-corruption court in Ahmedabad under Judge BB Jadav, with the lead prosecutor being Amit Patel.\u00a0 Following an extensive examination of 173 witnesses, Judge Jadav delivered the convictions against 14 of these 15 defendants, excluding one Jatin Patel.<\/p>\n

As earlier stated, the Judge found the 14 defendants guilty under multiple sections, notably Section 364A (kidnapping for ransom) of the IPC, other various IPC clauses, and the Prevention of Corruption Act for criminal misconduct by public servants, eventually leading to a life imprisonment sentence.\u00a0 The judgment also ordered hefty fines and directed that gold ornaments seized from ex-SP Patel be surrendered to the Master of Mint in Mumbai.<\/p>\n

Meanwhile, Bhatt himself is also under investigation<\/a> for abduction for abducting two BitConnect promoters and coercing them into handing over 2,091 BTC, 11,000 LTC<\/a>, and about \u20b914.5 crore ($1.64 million) in cash. The Surat businessman was arrested by India\u2019s Enforcement Directorate on August 13, 2024, and is accused of kidnapping, money laundering, and other related crimes tied to efforts to recover losses from the collapse of BitConnect.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

In a major development, a court in India has sentenced 14 individuals, including a former police superintendent, to life imprisonment over kidnapping and a Bitcoin (BTC) extortion crime. The case, which originally began in 2018, finally concluded last Friday, finding 14 out of 15 defendants guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-44969","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44969"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/44969\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}