Congress seeks SC-monitored SIT probe into Karnataka multi-crore Bitcoin 'scam'
New Delhi, Nov 13: The Congress on Saturday alleged a multi-crore Bitcoin scam and its cover-up by the BJP government in Karnataka and demanded that an independent investigation be conducted into the matter by a Supreme Court-monitored SIT.
Addressing a press conference, Congress general secretary and chief spokesperson Randeep Surjewala posed a set of six questions to the prime minister and asked what was the role of Karnataka Chief Minister Basavaraj Bommai, who was the state's home minister when the scam took place.
He asked why international investigative agencies, including the Interpol, were not informed about the stolen Bitcoins.
"India's biggest ever 'Bitcoin Scam' has been unearthed in Karnataka. Instead of conducting a fair investigation, the BJP government of Karnataka appears to be preoccupied with 'Operation Bitcoin Scam Coverup'," he alleged.
"This is not a money laundering crime alone, this is an international crime. Considering how shoddily and compromised the investigation has been done, I don't think that the ED (Enforcement Directorate) or Karnataka Police can do a fair job. That is why we demand that an SIT (special investigation team) should be set up and monitored by the Supreme Court which should investigate this case and bring out the truth," the Congress leader said.
Surjewala also questioned the silence of Prime Minister Narendra Modi in the case and claimed that the prime minister was told by the FBI about it during his recent visit to the US.
"It is a multi-country investigation and the truth must come out. The government is either colluding or is working shoddily in the investigation.... There are doubts being raised on the reputation of Basavaraj Bommai and his political career and reputation are at stake and that is why he should write to the government for constituting an SIT monitored by the SC to probe this," he said.
Surjewala, along with party spokesperson Gourav Vallabh, alleged that an alleged hacker, Sri Krishna, was arrested along with his associate Robin Khandelwal by the Karnataka Police on November 14 last year and was kept in police custody for over 100 days by repeatedly arresting him in at least five criminal cases registered one after the other. He was released on bail on April 17 this year.
He alleged that Sri Krishna made a voluntary statement before the Metropolitan Magistrate, Bengaluru, sometime in December 2020, wherein he has allegedly given the names of various foreign companies/portals which were hacked by him, and millions of dollars earned illegally.
The Congress leaders also alleged that Sri Krishna was involved in alleged hacking of Bitcoin/Cryptocurrency exchanges and websites that includes from Bitfinex, registered in noted tax haven, the British Virgin Islands and reports suggest that it was hacked on August 2, 2016 and 1,20,000 bitcoins were stolen. However, in his voluntary statement, he admits to having taken 2000 Bitcoins.
He said 'Whale Alert' is a Twitter account which tracks large scale cryptocurrency transactions and it reflects that on December 1, 2020, and on April 14, 2021, Bitcoins from the 2016 hack of Bitfinex Bitcoin exchange were transferred and its value comes out to be USD 704.8 million USD (equivalent to Rs 5,240 crore).
"Despite multiple international crimes of significant magnitude, Interpol was not informed for over five months. Only on April 24, 2021, more than five months after the initial arrest, did the Commissioner of Police, Bengaluru wrote to Interpol Liaison Officer (CBI) asking to inform Interpol and other agencies. Even ED/CBI/SFIO were not informed by the Karnataka's BJP government," Surjewala said, adding that Bommai was the state's home minister between August 20, 2019, to July 28, 2021.
"Should the then Home Minister Basavaraj Bommai be punished for not taking action in the case," he asked, alleging that the fraud happened under his watch and when the accused was kept in custody.
"Who are the actors in the Bitcoin Coverup Scam ? Were the stolen bitcoins transferred from the wallet of alleged hacker Sri Krishna? How many bitcoins and of what value? How does the Bengaluru police then suggest (in its third Panchnama dated 22nd January 2021) that the 31 and 186 Bitcoins allegedly transferred to police wallet were lost or were found to be fake transactions," he asked.
He also asked what was the role and responsibility of Bommai and others in the state government.
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Suspected drones observed along IB in Jammu's Samba, being engaged: Army
Jammu, May 12 (PTI): Security forces are engaging suspected drones observed along the International Border in Samba district of Jammu region on Monday, an Army said.
This fresh incident of drone activity along the borderline comes barely hours after Prime Minister Narendra Modi’s first address to the nation following Operation Sindoor and the meeting of the DGMOs of India and Pakistan.
The Army, however, said there is no need to be alarmed.
“A small number of suspected drones have been observed near Samba in J&K. They are being engaged,” it said.
In the backdrop of the situation, several areas witnessed blackouts in Samba, Kathua, Rajouri, and Jammu.
Lights were switched off at the cave shrine of Mata Vaishno Devi and along its track as a precautionary measure, sources said.
On Monday, talks between the DGMOs were held during which issues related to the continuing commitment that both sides must not fire a single shot or initiate any aggressive or inimical action against each other were discussed, the Indian Army said.
It was also agreed that both sides would consider immediate measures to ensure troop reduction along the borders and in forward areas, it added.
The situation remained largely peaceful across Jammu and Kashmir, with no incidents of ceasefire violation reported along the Indo-Pak border Sunday overnight — marking the first calm night after 18 days of hostilities following the Pahalgam terror attack that left 26 people — mostly tourists — dead.
India and Pakistan on Saturday reached an understanding to cease all firing and military actions on land, air, and sea with immediate effect, following four days of intense cross-border drone and missile strikes that brought the two countries to the brink of full-scale war.
Eighteen days of intense hostilities following the Pahalgam terror attack and Operation Sindoor, which brought India and Pakistan to the brink of war, ended with a ceasefire that restored calm along the Line of Control, the International Border, and the hinterland in Jammu and Kashmir. The Army thwarted Pakistan’s Hamas-style kamikaze drone attacks during the escalation.
Since the night of April 24, hours after India suspended the Indus Waters Treaty in response to the Pahalgam terror attack, Pakistani troops repeatedly targeted Indian positions along the LoC — beginning in the Kashmir Valley and quickly expanding to the Jammu region.
The latest hostilities began in the northern districts of Kupwara and Baramulla in the Kashmir Valley, before spreading southwards to Rajouri, Poonch, Akhnoor, and the Pargwal sector along the International Border in Jammu district. The firing affected five border districts — Baramulla, Kupwara, Poonch, Rajouri, and Jammu.
The recent round of cross-border firing further undermined the ceasefire agreement reached in February 2021, which has largely been seen as ineffective due to Pakistan’s frequent violations along the 740-km-long LoC.
The April 22 terror attack, which claimed the lives of 26 people — mostly tourists — in Pahalgam’s Baisaran valley, triggered a strong response from the central government.
The India-Pakistan border stretches over 3,300 kilometers, divided into three segments: the International Border (IB), spanning about 2,400 km from Gujarat to Akhnoor in Jammu; the 740-km-long Line of Control (LoC) that divides Jammu and Kashmir; and the 110-km-long Actual Ground Position Line (AGPL), which separates the Siachen Glacier region.
WATCH: OP Sindoor continues. Minutes after PM Speech.
— Rahul Shivshankar (@RShivshankar) May 12, 2025
A small numbers of suspected drones being observed near Samba in J&K. Being engaged . pic.twitter.com/jmGmRkmQ26
