India’s ruling party accused of bitcoin money laundering
India’s leading political party has accused the country’s ruling party of money laundering using bitcoin.
The Indian National Congress (INC) alleged on Thursday that the Bharatiya Janta Party (BJP) – led in parliament by Prime Minister Narendra Modi – was converting black market cash into legitimate currency in the state of Gujurat, according to the Hindustan Times.
Calls for court probe
The INC has reportedly called on the Indian Supreme Court to launch an investigation into the allegations.
Shaktisinh Gohil, a spokesman for the INC, alleged the BJP leadership was converting “black money” through a bitcoin scam worth between $727m and $12.79bn.
He added: “We demand an impartial Supreme Court-monitored judicial investigation in this maze of ‘Mega Bitcoin Scam’ so that the truth comes out.”
BJP denies allegations
The BJP denied the allegations, saying the whole story was concoction of the Congress Party’s “dirty tricks department” aimed at spreading “confusion and lies”.
“I wonder if the Congress is trying to help somebody in this case as part of a conspiracy,” said BJP spokesman Anil Baluni.