India’s police have detained Nalin Kotadiya, a former politician from the ruling Bharatiya Janata Party (BJP), due to his alleged participation in a Bitcoin (BTC) extortion case related to the $763 million BitConnect fraudulent scheme, local media reported over the weekend. Kotadiya was the mastermind behind the kidnapping of one of BitConnect’s investors, Shailesh Bhatt, and the stealing of over BTC 200 from the victim, according to the authorities.
Kotadiya has been on the run since May when the local court of Gujarat issued an arrest warrant on evading of justice grounds. The politician was a BJP member of parliament from 2012 until 2017 and a former Gujarat state’s party leader. After the BitConnect investigation started, Kotadiya has cut his links with the BJP.
“He [Kotadiya] was the p...
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