Corrupt CBI Officer Booked for Extorting Vigilante Bitcoiner

India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money.

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Extorted by CBI Officer

The CBI has reportedly booked its own officer, inspector Sunil Nair, for allegedly extorting Rs 5 crore (~$700,506) from Shailesh Bhatt, an Indian businessman from Gujarat, local media reported on Friday.

According to the CBI, Nair used the bureau’s Gandhinagar office phone to call Bhatt and threatened him with enforcement action by the Enforcement Directorate (ED) and the Income Tax Department for “earning black money using bitcoin,” Press Trust of India detailed. The publication added that, according to the case’s First Information Report (FIR), Bhatt was neither “probed in any case pertaining to bitcoin” nor was “a wanted accused, witness or suspect, in any case.”

A case under the country’s Prevention of Corruption Act and criminal conspiracy has been registered against Nair and his associate, Krit Madhubhai Paladiya, who co-conspired with him to extort Bhatt. A senior CBI official told IANS publication Friday