Court seeks CBI reply on bail plea of Ayush Varshney in Rs 20,000 crore bitcoin scam

ANI
21 Mar 2026, 16:02 GMT+10

New Delhi [India], March 21 (ANI): A Rouse Avenue court on Friday sought a reply from the Central Bureau of Investigation (CBI) on the plea of accused Ayush Varshney for regular bail. He is in judicial custody till March 30.

Varshney, an IIT topper, was first arrested by the CBI in this case in an alleged bitcoin scam of Rs 20,000 crore. He was allegedly trying to flee to Sri Lanka and was arrested at the airport in view of a lookout circular.

Additional Chief Judicial Magistrate (ACJM) Mayank Goel sought a reply from the CBI and listed the matter for arguements on March 25.

Varshney has moved a bail application through advocate Dhruv Gupta.

On March 17, Link Additional Chief Judicial Magistrate (ACJM) Neetu Nagar remanded Ayush Varshney in judicial custody till March 30.

He has been arrested in a case registered under sections 406 and 420 of the IPC and the Information Act.

It is stated that the accused is the co-founder of Darvin Lab.

As per CBI, this case is associated with the Gain Bitcoin scheme started in 2015. It is alleged that this scheme was started by Amit Bharadwaj (now deceased), his brother Ajay Bhardwaj and his network.

It is alleged that the investors were induced with a return of 10 per cent. In this matter, several FIRs have been registered by the Delhi Police, with parallel investigations by the Enforcement Directorate. (ANI)

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