Accused Satish Kumbhani and SubodhGorassia, who were declared accused in the case of fraud in multi-crore rupees for the excuse of investing in crypto currency bitcoin and surrendered in court through their advocate Zaki Shaikh and Hayya Shaikh, on Tuesday June 11.

CID Crime Surat Unit was registered in the year 2018 for fraudulent fraud cases against several accused including Satish Kumbhani, Suresh Gorasia, DhawalMaavni.

In this case, CID crime had arrested Promoter DivyeshDariji and DhawalMaawani in 2018, while the company's operator Satish Kumbhani and Suresh Gorassia had escaped.Lookout notice was issued by CID Crime. The court issued an arrest warrant against him under Section 70 of the CrPC. At the same time, on the demand of the police, the court declared him as “Desired”. During this, both the accused surrendered themselves in front of the court on Tuesday. The court summoned the investigating officer and sent them to police custody for 24 hours.  On Wednesday evening, CID will present both the crime to the court and demand remand.

It is worth mentioning that Satish Kumbhani, along with other accused, started the company in the name of “Bitconnect” and blamed good profits on people investing in bitcoins. The abusers blocked the website after investing with the people and transmitted crores of rupees to their wallet and cheated crores of rupees with the people.

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