PANews reported on January 12 that according to Freepressjournal, the Indian PMLA Special Court has rejected the release request of Hemant Bhope and his wife Lata. The two were accused of being involved in one of India's largest Bitcoin Ponzi schemes. It is reported that the scam involves a Delhi company Variabletech Pvt Ltd (VTPL). The defendants conspired to lure investors to buy Bitcoin and encourage others to invest in the company to commit fraud. The amount of the scam was as high as 66.06 billion rupees.