Senior BitConnect Promotor Arrested by Indian Authorities

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A promoter of the controversial cryptocurrency platform BitConnect was arrested on August 19, according to a local news outlet in India. Former BitConnect India head Divyesh Darji was arrested at Indira Gandhi International Airport in New Delhi on Sunday, the India Express reported. The Criminal Investigation Department of Gujurat police announced they arrested Darji after receiving an alert from the nation’s immigration agency. According to P. G. Narwade, an inspector from the police department, Darji was en route from Dubai to the city of Ahmedabad when he was arrested. He said: “The accused held seminars, events in India and other countries promising high interest — daily interest rate of 1 percent — on investment in BitConnect coins. The cost of one BitConnect coin on January 16, 2018, when the company shut down, was USD 362.” As CoinDesk reported, BitConnect’s lending service was shut down this past January after