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.
The Madhya Pradesh government said on Friday that 46 students from the state who registered with the Chief Minister's helpline are safe in Ukraine. However, it is not known exactly how many students from the state are stranded in the war-hit country.
The announcement came shortly after President Vladimir Putin authorised a "special military operation" in the conflict-hit Donbas region in eastern Ukraine. Flights to Kiev, Dnepr, Lvov and Odessa airports "are restricted due to potential hazard for civil aviation
The United Nations refugee agency said on Thursday that the situation was quickly deteriorating after Russia's invasion. It appealed to neighbouring countries to keep their borders open to people seeking a safe haven.
There are an estimated 25,000 Indian students in Ukraine alone who are pursuing medicine, engineering, and science courses. More than 2,500 students from Tamil Nadu are estimated to be studying in Ukraine.
The Foreign Secretary stated that External Affairs Minister S. Jaishankar has spoken to his Polish, Romanian, Hungarian, and Slovakian counterparts for setting up a camp at border areas for evacuation of stranded Indian nationals. He also stated that flight options are available through Dubai and Istanbul and that the Indian Embassy continues to be operational in Ukraine.
The Ministry of External Affairs in touch with all the neighbouring countries surrounding Ukraine to even evacuate Indian citizens. Many citizens who were to fly back to India were left at the airport after closure of Ukrainian airspace following Russia's Vladimir Putin announcement of a military operation in Ukraine.
