Indian-origin Sikh on trial for $10.4mn crypto bungle in Melbourne
Darpan News Desk IANS, 11 Oct, 2022 04:49 PM
Sydney, Oct 11 (IANS) An Indian-origin Sikh and his partner, who received $10.4 million from a cryptocurrency company by mistake, will face trial in Australia over allegations that they spent the money on items including a $1.2 million house.
Jatinder Singh, 37, and his partner, Thevamanogari Manivel, 40, appeared by video link from prison in Melbourne Magistrates Court on Tuesday, where they were committed to stand trial over theft and other charges, the Canberra Times reported.
Crypto.com intended to refund Manivel $100 but she was erroneously transferred $10,474,143. The company noticed its mistake when an audit was conducted in December 2021.
A subsequent probe found that an employee in Bulgaria, who processed the refund in May 2021, had incorrectly entered $10.4 million into an Excel spreadsheet.
Even though that Crypto.com account was in Singh's name, the transfer was sent to Manivel's account as he used her bank card to buy cryptocurrency, the Melbourne Magistrates Court was told.
Singh allegedly thought he won the money after being sent a notification from the Crypto.com app about a competition. This was also what he told Manivel, a Malaysian national.
Investigations have since revealed that $4 million of the money was allegedly transferred to an offshore bank account with other amounts spent on items including a $1.2 million home in Craigieburn and three other properties, a car, art, furniture and gifts to friends in Melbourne of more than $1 million each, a report in The Age said.
Manivel, presently out on bail, was arrested at Melbourne Airport in March 2022 while allegedly trying to fly home to Malaysia on a one-way ticket with about $11,000 in cash.
The couple will face directions hearing in the County Court on November 8.
Many countries, including the US, the UK and EU member states, have imposed sweeping sanctions on Russia in response to its military operation in Ukraine. Earlier, Putin had placed the country's nuclear deterrent forces on "special" alert on Sunday
Red and orange crosshairs have been painted onto various structures in the capital, including several high-rise buildings, with certain symbols only visible under UV light.
"The Bochasanwasi Akshar Purushottam Swaminarayan (BAPS) institute and the Sindhi community as well as the Gurudwara in Poland have come forward to help the stranded students as well as Indians evacuated from Ukraine," Patel said.
While requesting foreign partners to exert pressure on the Russian President to stop the war, Polikha said that air space of Europe was closed for the Russian airplanes. The Russian economy is going down every day. Russia is having absolutely unprecedented casualties. Approximately 5,300 Russian soldiers have lost their lives in the ongoing tussle, he claimed.
India is working out evacuation plans for Indian nationals stranded in Ukraine through Romania, Hungary and Poland. The Foreign Secretary also stated that flight options will available from Dubai and Istanbul and the Indian Embassy continues to be operational in Ukraine.
