Advocate Sushila
DELHI DISTRICT COURT DIRECTS POLICE TO REGISTER FIR IN A CRYPTOCURRENCY CASE

DELHI DISTRICT COURT DIRECTS POLICE TO REGISTER FIR IN A CRYPTOCURRENCY CASE

Recently, the Hon’ble Chief Metropolitan Magistrate, West, Tis Hazari Court, Delhi (#Magistrate Court) in the case of Hitesh Bhatia vs. Mr. Kumar Vivekanand [Case No. 3207/2020], vide its Order dated 01-07-2021 directed the #Police Authority to lodge an FIR and investigate whether an online exchange portal is involved or is negligent in respect of the suspicious activities carried out through its portal.


This case involves, one, Mr. Hitesh Bhatia (the “Complainant”), who deals in sale and purchase of Bitcoins. On multiple occasions, one, Mr. Kumar Vivekanand (the “Accused”) purchased Bitcoins from the Complainant using a virtual wallet/address on an online portal named “Binance”.

 

In one such transaction, the Complainant got to know that his Bank Accounts have been frozen and his transactions in Bitcoins were marked as illegal transactions on 05.07.2020. The Complainant reported this issue with the Accused to know regarding the source/legality of money paid by the Accused against the said purchase of the Bitcoins, upon which the Accused admitted that these payments were a scam. Further, when the Complainant demanded the Accused to return the Bitcoins previously transferred to him, the Accused refused to return.


To read more, please visit the link below:


https://theindianlawyer.in/delhi-district-court-directs-police-to-register-fir-in-a-cryptocurrency-case/


#districtcourt #police #fir #cryptocurrency

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