BitConnect co-founder wanted in India, faces mega scam probe anew
Police in India’s southwest city of Pune have launched an investigation against BitConnect co-founder Satish Kumbhani, who is now wanted in his home country following a complaint from an investor about a missing BTC investment
According to a report by Indian Express, the investor, who is also a lawyer, said he lost nearly 220 bitcoins (worth around $5.2 million) through multiple investment platforms operated by the Kumbhani and six others between 2016 and 2021.
The complaint led to the filing of the FIR, which meant that the case would now be under investigation. The investigators will also look to identify other victims while a search for the perpetrators has begun.