An Indian court rejected the bail plea of the accused in one of the country's largest Bitcoin Ponzi schemes, involving an amount of 66.06 billion rupees

ChainCatcher news, according to Freepressjournal, the special PMLA court in India has rejected the release request of Hemant Bhope and his wife Lata. The couple is accused of being involved in one of India's largest Bitcoin Ponzi schemes, reportedly involving a Delhi-based company, Variabletech Pvt Ltd (VTPL). The defendants conspired to lure investors into purchasing Bitcoin and encouraged others to invest in the company's fraudulent activities, with the scheme amounting to as much as 66.06 billion rupees.