India: Karnataka govt forms SIT to probe Bitcoin scam that surfaced during BJP regime

Bitcoin cryptocurrency

Bengaluru, Jul 3 (PTI) Karnataka Home Minister G Parameshwara on Monday said a Special Investigation Team (SIT) under the Criminal Investigation Department (CID) has been formed to reinvestigate the Bitcoin scam.

The Bitcoin scam had surfaced during the previous BJP regime in 2021 and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involves big names.

The prime suspect, Srikrishna Ramesh alias Sriki, was accused of hacking the state government's e-procurement website and siphoning over Rs 11.5 crore.