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.
Amid the deep chill in bilateral ties, Prime Minister Narendra Modi and his Pakistan counterpart Imran Khan exchanged pleasantries on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit here on Friday
US Secretary of State Mike Pompeo praised Indian Prime Minister as a "new kind of leader for the world's most populous democracy", and quoted Narendra Modi's election slogan in Hindi, "Modi hai to mumkin hai" ("Modi makes it possible"), at a summit here.
In fact, a delegation from the Silicon Valley, including Amazon's Jeff Bezos, LinkedIn co-founder Reid Hoffman and Dropbox co-founder and CEO Drew Houston, recently went all the way to Italy's hillside hamlet of Solomeo for a meeting with the fashion designer.
In a statement, the Chinese Foreign Ministry in Beijing said that President Xi Jinping told PM Narendra Modi that India and China should deepen co-operation by properly handling differences and called for strengthening Confidence Building Measures to maintain stability at the border.
