The former police chief of India is embroiled in a blackmail case, with the embezzled funds being converted to Bitcoin, implicating a minister's assistant.
PANews reported on June 17 that Ningappa, the former police chief of Bangalore, India, confessed during the interrogation of the anti-corruption agency Lokayukta that he blackmailed government employees by impersonating an anti-corruption official and converted the stolen money into Bitcoin. The Special Court has ordered his detention until 30 June. The case involved two assistant ministers, whose identities have not been disclosed. The investigation revealed that Ningappa used his police background to forge his identity and carry out extortion in Seshadripuram and other places. Although his lawyer has applied for bail, the court has asked the prosecution to respond first.
Analysts point out that this case could trigger a trust crisis for the ruling party in the country—if it is confirmed that ministerial officials are involved, it may lead to government turmoil. Ningappa was expelled from the police force years ago, but has been committing crimes for a long time due to loopholes in the system, with multiple police stations across the state having registered related cases. Currently, the Lokayukta is investigating the flow of Bitcoin and the network of accomplices.
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MainnetDelayedAgain
· 16h ago
According to incomplete statistics, Ningappa committed crimes for 581 days after losing his job, breaking the record for the duration of a systemic black hole. It is strongly recommended to apply for the Guinness World Records.
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SerumDegen
· 16h ago
ngmi ser... cops larping as btc whales is peak bearish signal
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NFTArtisanHQ
· 16h ago
ah, the digital ledger becomes a canvas for corruption... quite the postmodern performance piece tbh
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DaoResearcher
· 16h ago
From a data analysis perspective, this exposes the triple paradox of centralized power regulation 1/5
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Web3Educator
· 16h ago
let me break this down - converting bribes to btc? classic case of crypto being used as intended tbh
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OnchainDetective
· 16h ago
What about this packaging and the ordinary people's Cryptocurrency Trading? The typical methods of job-related crime Money Laundering have been targeted early at the Address.
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SleepyArbCat
· 16h ago
India understands arbitrage too... then I'll take a nap.
The former police chief of India is embroiled in a blackmail case, with the embezzled funds being converted to Bitcoin, implicating a minister's assistant.
PANews reported on June 17 that Ningappa, the former police chief of Bangalore, India, confessed during the interrogation of the anti-corruption agency Lokayukta that he blackmailed government employees by impersonating an anti-corruption official and converted the stolen money into Bitcoin. The Special Court has ordered his detention until 30 June. The case involved two assistant ministers, whose identities have not been disclosed. The investigation revealed that Ningappa used his police background to forge his identity and carry out extortion in Seshadripuram and other places. Although his lawyer has applied for bail, the court has asked the prosecution to respond first.
Analysts point out that this case could trigger a trust crisis for the ruling party in the country—if it is confirmed that ministerial officials are involved, it may lead to government turmoil. Ningappa was expelled from the police force years ago, but has been committing crimes for a long time due to loopholes in the system, with multiple police stations across the state having registered related cases. Currently, the Lokayukta is investigating the flow of Bitcoin and the network of accomplices.