According to Mars Finance, Deshgujarat reported that an Indian anti-corruption court sentenced 14 people, including 11 police officials and a former Bharatiya Janata Party (BJP) member of the Legislative Assembly, to life imprisonment for kidnapping an Indian businessman and extorting cryptocurrency. The judge found the gang guilty of criminal conspiracy, kidnapping for ransom, illegal detention, and assault. Indian businessman Shailesh Bhatt reportedly received a portion of his investment in BitConnect in the form of Bitcoin after it collapsed. Upon learning of his partial investment, the officials orchestrated a kidnapping plot to seize the cryptocurrency. Shailesh Bhatt was ultimately released only after agreeing to transfer some of the Bitcoin and $3.6 million in cash.
Indian court sentences 14 people to life in prison for cryptocurrency extortion case
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