Summary:
Mavani was an administrator and Savaliya an office boy at Bit Connect, a cryptocurrency investment company based in Surat. He then proceeded to extort Rs 155 crore from Mavani,” Bhatia added. “To recover the remainder, he planned the kidnappings of Savaliya and Mavani. We have recovered Rs 20 lakh of that money,” said DIG Deepankar Trivedi.Trivedi said section 364(A) provides for punishment including the death penalty. Bhatt also paid him Rs 60 lakh to keep his mouth shut..