The supreme court bench of justices DY Chandrachud and Suryakant on Monday reprimanded the accused in the GainBitcoin scam, Ajay Bhardwaj, for failing to submit all usernames and passwords to the cryptocurrency wallet used by his company. The court had directed Bhardwaj to submit the details in an order passed on March 28.
“Why have you not submitted the email and password? You must share the details. We could dismiss the case for non-compliance. The supreme court is not a district court where you can play like this….You make a statement here and then don’t comply. We are not some Tis Hazari Court where you can play like this. First comply with the order, then come here,” said the court.
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Bhardwaj’s counsel argued that his mobile and other devices had been seized by the Pune Police. However, the court said that there is no need for the hardware to submit passwords.
Bhardwaj had made a plea to quash the FIR against him. However, at Monday’s hearing, Additional Solicitor General (ASG) of India Aishwarya Bhati, appearing for the Enforcement Directorate (ED) informed the court that the details had not been shared by him.
The hearing on Bhardwaj’s plea has been deferred for now.
What is the GainBitcoin scam?
Gainbitcoin was a multi-level marketing scheme run by Amit Bhardwaj.
They guaranteed a 10 per cent monthly return in Bitcoin-on-Bitcoin deposits for 18 months via multi-level marketing…
