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.
At least 40 Central Reserve Police Force (CRPF) personnel were killed on February 14 in a suicide attack claimed by Pakistan-based Jaish-e-Mohammad (JeM) terror group.
Even through JeM, responsible for the Pulwama terror attack, and LeT, responsible for the 26/11 Mumbai terror attack, were banned by Pakistan, heads of both the terrorist groups -- Masood Azhar and Hafiz Saeed respectively -- roam freely in Pakistan.
H-1B Visa Rules: The White House will take a final call on it, before a formal regulation in this regard could be issued and the Department of Homeland Security can inform a federal court, where a lawsuit on this issue is pending. The entire process could take from a few weeks to several months.
The international terror financing watchdog FATF on Friday condemned the Pulwama terror attack that killed 40 CRPF jawans and decided to continue the ‘grey’ listing of Pakistan for its failure to stop funding of terrorist groups such as Jaish-e-Mohammad, Lashkar-e-Toiba and Jamat-ud-Dawa.
A statement issued by the Interior Ministry also said the crackdown on Jaish "has been taken in line with the decision of the National Security Committee meeting held on Thursday under the chairmanship of Prime Minister Imran Khan".
Pakistan on Thursday re-imposed a ban on the Jamaat-ud-Dawa (JuD), formed by Hafiz Saaed to sidestep the ban on his Lashkar-e-Taiba (LeT), and its charity arm, the Falah-i-Insaniyat Foundation.
