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Calcutta HC Rejects Plea to Quash ₹85.8 Lakh Bitcoin Fraud Case, Backs Further Probe

Fear of possible implication by a person not named in the FIR does not warrant halting the investigation.

Overview

  • Justice Chaitali Chatterjee Das dismissed the Section 482 CrPC petition on February 5, 2026, keeping the police inquiry active.
  • The court affirmed a magistrate’s authority under Section 173(8) CrPC to allow further investigation after a final report, citing Supreme Court precedents.
  • The complaint alleges transfers totaling ₹85.80 lakh to a platform called Yotemo between April and June 2024, with withdrawals blocked and extra fees and taxes demanded.
  • Prosecutors reported complex fund flows across multiple banks, several mobile numbers registered in the petitioner’s name, and largely unanswered notices.
  • Proceedings remain pending before the Magistrate, the petitioner is not named in the FIR though an account was frozen, and the matter is registered as CRR 493 of 2025.