CBI summons audit company employee Gaurav Mehta in Bitcoin ponzi scam case
New Delhi, Nov 20: The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, in connection with the over Rs 6,000-crore Gain Bitcoin ponzi scam case registered by the agency on the directions of the Supreme Court, officials said.
The Central Bureau of Investigation (CBI) has directed Mehta to appear before the investigating officer of the case as soon as possible, they said. The top court handed over the case to the CBI in December last year.
The agency has taken over the investigation into cases related to the Gain Bitcoin Ponzi scheme registered by various state police all over the country.
Maharashtra and Delhi police had registered multiple cases against Variable Tech Pte Ltd, Late Amit Bhardwaj and Ajay Bhardwaj and others for allegedly running multi-level-marketing (MLM) schemes through which they allegedly collected around Rs 6,600 crore in the form of Bitcoins in 2017 from gullible people while offering 10 per cent monthly return in the cryptocurrency.
Bitcoins, a cryptocurrency, are not controlled by any central bank of any country.
The CBI notice to Mehta came close on the heels of searches conducted by the Enforcement Directorate at his premises.
The ED said it has widened its probe into the Gain Bitcoin ponzi scam case and was investigating the "links" of Mehta and some others with politicians, bureaucrats and politically exposed people.
Mehta's name was also mentioned by former IPS officer Ravindranath Patil, who was arrested in a 2018 cryptocurrency "fraud" case being probed by the Pune Police.
In his complaint sent to the Election Commission via email, Patil said according to the chats, he claims to possess, it appears that hundreds of Bitcoins worth billions of rupees may have been pumped in the assembly polls and the previous Lok Sabha elections.
It also appears that Mehta currently has misappropriated Bitcoins, amounting to hundreds of crores of rupees, Patil has said in the complaint.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
KMES Institutions shine in SSLC result, continue four-decade legacy of education in rural Karkala
Karkala: KMES Institutions of Education at Kukkundooru in Karkala taluk has recorded outstanding results in the 2025-26 SSLC and PUC examinations, continuing a four-decade educational journey that began with just 22 kindergarten students and no building of its own.
The institution secured a 100 per cent result in the SSLC examinations, with all 43 students passing the examination this year.
Muhammad Arman Shahid emerged as the school topper by scoring 619 marks out of 625, securing 99 per cent and also ranking sixth at the state level. He scored full marks in Kannada, Hindi, Mathematics and Social Science.
Krithika V. Nayak secured the second position in the school with 607 marks and 97.12 per cent, while Arhan stood third with 605 marks and 96.8 per cent.
Out of the 43 students, 21 passed with distinction, 19 secured first class, two students obtained second class and one student passed in third class. Fourteen students scored above 90 per cent.
The institution also performed strongly in the PUC examinations. The Science stream recorded a 100 per cent result, with all 44 students passing, while Commerce secured a 98 per cent pass percentage.
Twelve students scored full marks in different subjects, including Mathematics.
In Commerce, Deeksha Acharya topped the college with 588 marks, while Harshitha H. Kini secured the second position with 581 marks.
In Science, Naveen B. Nayak emerged as topper with 586 marks, followed closely by Sameeksha Moily and Aifa Nidha, who both secured 585 marks.
Speaking about the achievement, High School head teacher Shrimati Patkar said the institution has always focused on supporting academically weak students through affordable education and free special classes.
“Our ambition is to provide quality education even to students who struggle in studies. The fees are very low, and free coaching classes are conducted. I have worked here for 28 years and have always found the atmosphere supportive of education,” she said.
Primary School head teacher Lolita Zeena D’Silva appreciated the dedication of the teaching staff and said the school encourages students not only to achieve high marks but also to become role models.
PU College Principal Balakrishna Rao said the institution focuses on value-based education and overall personality development.
“The aim is to help students succeed not only academically but also in cultural activities, sports and leadership. We encourage qualities such as patience, tolerance and discipline,” he said.
Rao also credited the institution’s growth to the support of founders K.S. Mohammed Masood and K.S. Nissar Ahmed, along with President K.S. Imtiaz Ahmed.
Speaking on the occasion, Imtiaz Ahmed said the institution was built on the dream of making quality education accessible to financially backward families in rural areas.
He said the guidance and encouragement of his elder brothers, Mohammed Masood and Nissar Ahmed, along with the contribution of teachers, students and parents, helped transform the institution into a model educational centre.
The KMES Institutions trace their roots back to 1984, when they were founded by senior social activists Haji P.M. Khan, K.S. Nazeer Ahmed and Haji A.S. Rashid Haider.
The institution initially functioned from the Government Urdu School premises as it did not have a building of its own. Classes began with only 22 students in lower kindergarten and two teachers.
Later, under the leadership of K.S. Mohammed Masood and with continuous financial and moral support from non-resident businessman K.S. Nissar Ahmed, the institution gradually expanded.
In 1993, the school shifted to its own building and began conducting classes from LKG to Class 5.
As student admissions increased, Nissar Ahmed personally funded the construction of three additional classrooms to address infrastructure shortages.
The institution’s new school building was completed in 1997, while the PU College building was constructed in 2001.
From humble beginnings in a borrowed building to producing state-level rank holders and consistent academic results, the KMES Institutions have grown into one of the prominent educational centres in the Karkala region.
