Gaming scam: Gujarat-based accused says he is cryptocurrency trader | Hyderabad News

HYDERABAD: Justice G Sri Devi of Telangana high court on Friday posted to February 4 the bail plea filed by Naisar Shailesh Kothari, an accused in the China gaming scam. The Gujarat-based accused was arrested by the Hyderabad Enforcement Directorate following his alleged role in the scam.
Stating that he is a 26-year-old engineer from Bhavnagar in Gujarat, his counsel sought bail from the court. The judge observed that it is unfortunate that youngsters are committing such crimes and and said that the case will be heard in February. Kothari in his bail plea said that he is a trader in cryptocurrency which is not a banned activity. He cited an order from the SC that disapproved non-cooperation of the banks to deal with cryptocurrency. He said that his credentials and profile as a trader can be verified on cryptocurrency websites. He contended that upon a request from Dokipay company, he purchased cryptocurrency through a mediator called Kamalesh Trivedi who facilitated the entire transaction.
He contended that he verified the credentials of Dokipay and ascertained from the website of the Union ministry of corporate affairs itself that it was operating with the consent of the Centre.
ED’s counsel B Narasimha Sarma said they would file a counter on the role played by the accused in the scam and sought time for the same.
The judge observed that it is unfortunate that youngsters are committing such crimes and and said that the case will be heard in February

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