According to the case file, Saiyed, having teamed up with other policemen, including the head of the police station, Chintan Shah, kidnapped a businessman and extorted a ransom in Bitcoin. This is reported by Times of India.
Currently, the police are trying to identify whether Said and Shah were involved in such crimes, whose victims did not seek help.
The police department said that businessman Jinesh Patel was kidnapped from a shopping center parking lot on 12 February. Attackers demanded from him to transfer to their account all available tokens in exchange for freedom.
In response to threats from the kidnappers, Patel said that he refused to work with crypto-currencies, however, Saiyed did not believe him. Later, not having achieved the desired, the criminals threw an entrepreneur in the Jahangirpur district, from where he contacted the police.