In India, experts involved in the investigation stole cryptocurrencies from $130 000 – Bits Media

Law enforcement agencies in the Indian city of Pune reported, that experts, whom they brought in to investigate crypto fraud, stole cryptocurrencies from the accused 10 million rupees.

Police Cyber ​​Commissioner- and economic crimes Vijay Palsule (Vijay Palsule) Clarified, that they hired Ravindra Patil (Ravindra Patil) and Pankaj Gode (Pankaj Horse) to assist in the investigation of digital currency fraud in 2018 year.

Ravindra Patil served as an officer in the elite Indian Police Service (IPS), and upon retirement he opened a private detective agency, specializing in helping crypto businesses. Pankaj Gode was hired as a technical expert on cryptocurrencies.

Palsule reported, that during the investigation Patil, using technical data, provided by the police for investigation, transferred several large amounts of cryptocurrency from the accused’s balance to his wallet.

"According to the preliminary investigation, Gaudet used screenshots, allegedly showing smaller amounts in cryptocurrency wallets, and handed them over to the police.", – the commissioner explained.

Fraud by experts cost police 10 million rupees (more $130 000). A criminal case was opened against the hired experts - both criminals were arrested and detained for a week, until the investigation into this case is completed.

At the end of February, Indian law enforcement agencies reported, that they uncovered a cryptocurrency fraudulent scheme, which brought the organizers more $5 million. In January, Indian police seized $536 000 in cryptocurrency from Hamas wallets.

Besides, earlier this year, officers from the Indian Enforcement Directorate (ED) seized fiat money and real estate for a total amount from those involved in the Morris Coin cryptocurrency pyramid 36 724 752 Rs. ($4.97 million).