Indian Bitcoin Trader Commits Suicide Over Losses Trading Crypto for Local Officials
Crypto Guide
Live News

Keeping up with all the cryptocurrency news and updates is not an easy task, but we are up to the challenge! This way we can help our readers to keep track of changes in these fast growing currencies. Just like our site, lambo2btc.com is willing to face this challenge and on their site, they compile the features, key elements, and recent news involving bitcoin casino sites and which are the best to try!

Indian Bitcoin Trader Commits Suicide Over Losses Trading Crypto for Local Officials

May 21, 2019      Cryptoknowmics

 

A Bitcoin trader from India has taken his own life after being threatened by senior police in relation to losses he incurred whilst trading crypto assets on their behalf. Bharat Patel hanged himself on Sunday, leaving a suicide note for his widow.

In the note, Patel details how Chirag Savani, the Narmada police force’s Deputy Superintendent, along with his brother Harnish Savani had threatened him over the losses incurred owing to Bitcoin and other cryptocurrency’s price volatility. Although the two had only invested in five Bitcoins, they were demand 11.575 BTC back from Patel.

Bitcoin Trader Hangs Himself After Receiving Threats from Senior Police

According to a local news publication, Ahmedabad Mirror, a Bitcoin trader, Bharat Patel, from the Gujarat province of India killed himself on Sunday. The article states that he left a suicide note detailing the reasons for him taking his own life. In it, he explicitly names the individuals who drove to suicide. It states:

“DySP [Deputy Superintendent] Chirag Savani had come to my house to invest in five bitcoins. After incurring a loss due to slide in their value, Chirag and his brother Montu were demanding 11.575 Bitcoin. I am distraught due to the recovery they are claiming. My life is not worth living. DySP Chirag Savani came to my house and threatened me to return the amount they had invested. I have been forced to commit suicide. The two brothers (Chirag and Harnish Savani) are responsible for my act.”

Following Patel’s death, his daughter, Darshi Patel, has appealed for Chirag Savani to be suspended from his duties. She also speculates on how the case will be handled given the seniority of the official involved. She told journalists:

“We have not given my father’s phone, tape, and laptop to the police as we don’t trust their sincerity. We fear that the evidence in these devices will be destroyed. We seek assurance from some top police official that a fair probe will be conducted in the case.”

Usha Patel, the wife of the late Bharat Patel, described the night that her husband took his life. The two were up together until 1 AM. He was reportedly looking tense and stressed. That evening he spoke with Harnish Savani but Usha does not know the details of the conversation. Bharat asked Usha to go to bed whilst he finished work. He joined her shortly after but committed suicide at some point before she woke the next morning.

READ  VERY IMPORTANT: G20 MEETING UPDATE AND FATF GUIDELINES EXPLAINED. CRYPTO FUTURE IN INDIA?

According to Usha, Bharat had agreed to return 5 Bitcoin to the Savani brothers in instalments but they had demanded the fiat value they had invested returning. Darshi Patel, added that Savani had stated that if the over 11 Bitcoin was not returned, he would come to the Patels’ property and “not leave until my father paid up.”

Apparently, the family has received more threats following Patel’s death too. Darshi continues:

“We received two calls from Savani’s number even after my father’s death. The police asked us to switch off the mobile and not take any calls from them.”

For now, the authorities have sent the suicide note off for handwriting authentication stating that necessary action will be taken after receiving the findings of the tests.

READ  Telegram Issues Clear Warnings on Its Projects; Says TON Wallet Won't Debut on Its Messaging App

Go to Source
Author: Rick D.

#Crypto News #Crypto News India #Cryptocurrency #Cryptocurrency News
Cryptoknowmics
Cryptoknowmics

The dynamics of Crypto Fraternity is changing at a lightning speed. Access to most critical information in a timely and curated manner is extremely critical for the health of your investments. Cryptoknowmics is the fastest platform to bring and deliver news and critical information from above 3000 sources at your fingertips. We cover almost all aspects of cryptoworld from exchange, tokens, coins, dapps, ICOs, IEOs, STOs, events, airdrops, jobs, services, wallets, etc. We strive to be the complete solution for your crypto needs.