Home Business Kidnappers Take Rs 1.3-Crore Ransom In Bitcoins From Lucknow Businessman

Kidnappers Take Rs 1.3-Crore Ransom In Bitcoins From Lucknow Businessman

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Lucknow: In a first-of-its-kind crime reported within the state capital, three individuals, who had held a real-estate businessman captive, used cryptocurrency to take a ransom of Rs 1.3 crore in Bitcoins earlier than releasing him.

The matter got here to mild per week after the police arrested the three individuals — Sandeep Pratap Singh, Vijay Pratap Singh, and Rajveer Singh.

Police stated that the arrested accused have been conscious that the sufferer traded in cryptocurrency.

Police have recovered Rs 30,000 in money, a country-made pistol, three stay cartridges, 5 cell phones, and a automobile from them.

In response to police, the three kidnapped Arjun Bhargava of Indraprasth Grand close to Kalindi Park in Vrindavan Yojana, on the pretext of exhibiting him a plot in Barabanki on August 7.

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They held him hostage at a home the place they thrashed him, skilled a pistol on him, and bought Rs 1.3 crore in Bitcoins transferred to their account.

DCP (East Zone) Prachi Singh stated the abductors, who pretended to be actual property sellers, met Bhargava and took him to Barabanki.

“On the best way, they tied his arms and legs and took him to a home in Barabanki the place they tortured him for 3 hours,” stated Singh.

The officer stated the sufferer’s spouse, Nidhi Bhargava, stated within the FIR that the abductors held him at gunpoint and compelled him to reveal the password, after which bought all of the Bitcoins transferred to their account.

“In addition they pressured my husband to switch the cash into their checking account and opened hearth when he resisted it.

Fortunately, he was not harm. They then introduced him again to Lucknow and dumped him on the roadside,” she stated.

DCP Singh stated that police have been tipped off by an informer concerning the miscreants who had kidnapped the businessman per week in the past in a automobile bearing the plate of excessive courtroom.

“We laid a lure and, on Tuesday, once they visited the Kalindi Park locality most likely to gather extra money from the businessman, we arrested them,” the police official stated.

(This report has been revealed as a part of the auto-generated syndicate wire feed. Other than the headline, no enhancing has been performed within the copy by ABP Dwell.)

Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency is just not a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and browse supply doc(s) together with associated essential literature on the topic fastidiously earlier than making any form of funding in any way. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and danger of the readers.

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