Cryptocurrency worth around Rs 7.7 crore seized by CBI from Ahmedabad-based man

New Delhi: The CBI has seized cryptocurrency worth more than $ 930,000 (around Rs 7.7 crore) from an Ahmedabad-based man who allegedly cheated a US-citizen posing as a senior executive of a multi-national company’s fraud department, officials said.

Based on inputs from the Federal Bureau of Investigation (FBI) of the United States, the CBI filed an FIR against Ramavat Shaishav, who allegedly contacted the US citizen over the phone and introduced himself as ‘James Carlson’ from the fraud department of Amazon, they said.

During searches, the CBI found 28 Bitcoin, 55 Ethereum, 25,572 Ripple and $77 in Shaishav’s e-wallet. These were transferred to the government’s wallet at the time of the seizure, the officials said.