Ahmedabad police officers are under the scrutiny for allegedly seizing ₹20 lakh from an individual in a case related to cryptocurrency.
The police seized ₹20 lakh from Sudarshan who was making a cryptocurrency deal with a man named Ashok.
There are also suspicions over a ₹5 lakh deal between Ashok and the police, suggested reports. However, the deal may also be a farce to cover up an alleged collusion between Ashok and police.
Ashok had built a relationship with Sudarshan, a businessman, over the past year, promising high returns on investments. He had lured Sudarshan into a cryptocurrency scheme, with the offer to buy ₹30 lakh worth of cryptocurrency for just ₹20 lakh.
The agreement was that Sudarshan would only pay once the cryptocurrency was transferred to his wallet.
Ashok and Sudarshan met near CG road, where Sudarshan had brought ₹20 lakh from an anagadia courier service and they were waiting for the crypto currency to transfer in Sudarshan’s wallet.
However, while they were waiting for the cryptocurrency transfer, police officers, including Mayur and Amit, reached the spot.
Ashok and Sudarshan were then taken to the Navrangpura police station.
A policeman, who had previously worked in Navrangpura and was now stationed in Vejalpur, asked Ashok to pay up ₹5 lakh to let go of the case as the transaction of the crypto currency is illegal. Ashok reportedly paid up the ₹5 lakh and had left the police station.
Sudharshan was also asked to leave the police station and was informed that his ₹20 lakh will be returned to him after the legal proceedings.
However, after three days passed without receiving the funds, he had tried to contact Ashok but his phone was switched off.
And with the frustration of not receiving funds even after 3 days Sudarshan approached the Police commissioner and complained that he has not received the amount seized from him yet.
Upon which the Police commissioner had ordered a probe into the matter and investigation is going on for the same.
Currently, questions arise regarding the whereabouts of the ₹20 lakh and how the police got to know about the crypto dealing at the specific location. Speculations are also rife about Ashok’s involvement with police, to lure Sudarshan and eventually seize money from him.