8 arrested in Pune for kidnapping man to extort Bitcoin worth Rs. 300 crore
Eight people, including a police constable, were arrested in Pune on Tuesday for allegedly kidnapping a man and trying to extort Bitcoins worth Rs. 300 crores from him.
The arrests were made by the police in Pimpri Chinchwad in northern Pune.
The policeman arrested had undergone training for cybercrime detection, news agency PTI quoted a police official as saying. Apart from the payment in cryptocurrency, he and the other accused allegedly demanded Rs. 8 lakh from the man they kidnapped, the police said.
"He got information about a city resident having amassed sizable number of Bitcoin. He and his accomplices kidnapped the person last month. They also demanded Rs eight lakh from him besides payment in cryptocurrency," the official said.
When the accused realised that police were on their trail, they released the person.
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