India’s Ruling Party Accused of Involvement in ‘Mega Bitcoin Scam’

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India’s Ruling Party Accused of Involvement in ‘Mega Bitcoin Scam’

The Indian National Congress (INC) party, the largest political party in the nation, is accusing the ruling Bharatiya Janta Party (BJP) of money laundering through bitcoin.

INC, more commonly known as the Congress Party, alleged Thursday that the BJP was converting “black money” into white using bitcoin in the western state of Gujurat, the English-language daily newspaper Hindustan Times reported. Further, the party called for the Indian Supreme Court to launch a probe to monitor the investigation.

According to the report, INC spokesperson Shaktisinh Gohil alleged that BJP “leadership was involved in converting black money through” the bitcoin scam, which is allegedly worth between $727 million and $12.79 billion.

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