Kidnap of Ujire boy: Mastermind and boy’s father were partners in bitcoin business

News Network
December 23, 2020

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Mangaluru, Dec 23: The mastermind behind the recent kidnap of an 8-year-old boy from Ujire in Dakshina Kannada district, was a former partner of the boy’s father, according police.

The boy was traced in a house in Koormahosahalli in Malur taluk in Kolar district within two days after he was kidnapped from near his house on December 17.

The kidnappers, who were finally arrested by the police, had initially placed a demand for 100 Bitcoins (Rs 17 crore). The ransom for ensuring the safe release of boys was later reduced to Rs 10 crore and Rs 25 lakh.

Sources investigating the case said they have been able to track the main accused. The boy’s father and the accused were partners in the bitcoin business, but had a fallout over deals.

“The boy’s father too contradicted his own statements. Earlier, he had told police that he stopped the bitcoin business in 2016 itself. Later, it came to our knowledge that he still owns a few bitcoins,” said an investigating officer.

Also Read: People heave a sigh of relief as kidnapped Ujire boy rescued from Kolar; 7 abductors arrested

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