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Gujarat ACB Court Hands Life Terms to 14 in 2018 Bitcoin Kidnapping-Extortion Case

The ruling caps a years-long probe into a police–politician nexus targeting a trader’s cryptocurrency.

Overview

  • Those convicted include former BJP MLA Nalin Kotadiya, ex-Amreli SP Jagdish Patel and then LCB PI Anant Patel, among others.
  • The court sentenced 14 defendants to life imprisonment and acquitted one accused.
  • Judges found a conspiracy involving the 2018 abduction of trader Shailesh Bhatt and the extortion of 200 bitcoins valued at about ₹32 crore at the time.
  • The prosecution presented 172 witnesses during the ACB special court trial, with many turning hostile, yet the court held the evidence sufficient to convict.
  • Court proceedings cited allegations that a CBI inspector took a ₹5 crore bribe and that Amreli police seized bitcoin, and a lawyer for nine convicted policemen said they will appeal in the High Court.