Loading...
Market
What will be the outcome of Shailesh Babulal Bhatt's trial in the BitConnect kidnapping case by end of 2024?
3
Shailesh Babulal Bhatt•Gujarat•BitConnect Ponzi•Bhatt•BitConnect•Kumbhani•Indian Enforcement Directorate•ED•BitConnect scandal
Resolution / Starting Odds
Convicted • 25%
Acquitted • 25%
Mistrial • 25%
Case Ongoing • 25%
Indian court records and official announcements
Story
Indian Authorities Arrest Shailesh Babulal Bhatt in $2.4 Billion BitConnect Kidnapping Case
Aug 19, 2024, 05:48 AM
Indian authorities have arrested Shailesh Babulal Bhatt, a Gujarat resident, in connection with a kidnapping case linked to the $2.4 billion BitConnect Ponzi scheme. Bhatt, a former investor in BitConnect, allegedly kidnapped two employees of Kumbhani to recover his losses from the scheme. During the extortion, Bhatt obtained 2,091 bitcoins, 11,000 litecoins, and cash valued at $17 million. The Indian Enforcement Directorate (ED) has seized movable assets related to the case. The arrest highlights the ongoing repercussions of the BitConnect scandal, which has affected numerous investors globally.
View original story
Similar markets
Charged and convicted • 25%
Charged and acquitted • 25%
Not charged • 25%
Case still pending • 25%
Convicted on all charges • 25%
Convicted on some charges • 25%
Acquitted • 25%
Case dismissed • 25%
Convicted • 33%
Acquitted • 33%
Mistrial • 33%
Convicted • 25%
Acquitted • 25%
Case dismissed • 25%
Other • 25%
Convicted • 25%
Acquitted • 25%
Plea Bargain • 25%
Mistrial • 25%
Appeal granted, new trial ordered • 25%
Appeal granted, sentence reduced • 25%
Appeal denied, sentence upheld • 25%
Other • 25%
Charges Dismissed • 25%
Extradited and Convicted • 25%
Extradited and Acquitted • 25%
Not Extradited • 25%
Convicted • 33%
Acquitted • 33%
Charges dropped • 33%
Granted • 33%
Denied • 33%
Pending • 33%
Conviction overturned • 25%
Conviction upheld, reduced sentence • 25%
Conviction upheld, same sentence • 25%
Other • 25%
Convicted of both rape and murder • 25%
Convicted of rape only • 25%
Convicted of murder only • 25%
Acquitted of all charges • 25%
Dismissed in 2024 • 25%
Extradited and Resolved in 2025 • 25%
Ongoing beyond 2025 • 25%
Settled out of court • 25%