Altcoin News: Indian Trader Committed Suicide Due to Demand to Return Fiat Equivalent of Depreciated Bitcoins

May 21, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

A crypto trader from India committed suicide after being persecuted by a high-ranking police officer because of the loss of assets that he traded in his interests.

According to the local edition of Ahmedabad Mirror, Bharat Patel committed suicide by hanging himself from the ceiling on Sunday, leaving behind a suicide note in which he described in detail the preceding events.

“DySP Chirag Savani had come to my house to invest in five Bitcoins. After incurring the loss due to slide in their value, Chirag and his broader Montu were demanding 11,575 Bitcoins. I’m distraught due to the recovery they are claiming. DySP Chirag Savani came to my house and threatened me to return the amount they had invested. I’m been forced to commit suicide. the two brothers (Chirag and Harnish Savani) are responsible for my act.“- said Patel’s last statement, quoted by Ahmedabad Mirror.

Daughter of Patel, Darshi (24) is trying to achieve the resignation of Savani, but doubts the success, given the high position of the police officer:

“We have not given my father’s phone, tape, and laptop as we don’t trust their sincerity. We fear that the evidence from these devices will be destroyed”, she said to the reporter.

According to the widow Patel Usha (48), her husband agreed to return five Bitcoins to the Savani brothers, but they demanded a fiat equivalent of the money invested by them.

Darshi also said that they continued to receive threats even after the death of their father, and the police recommended that they turn off their mobile phones and not contact extortionists.

Author: Marko Vidrih