PUNE: Scamster Amit Bhardwaj, who allegedly duped thousands of Indian citizens by hatching bitcoin-based Ponzi schemes, has been arrested from Bangkok. Bhardwaj is facing scam charges worth $300 million (approx Rs 2,000 crore) attached to his company GainBitcoin.

Following the arrest, Bhardwaj is being brought to Pune, highlights a Network18 report. He was holed up in Dubai for many months. To avoid arrest, he managed to stage a fake heart attack at Dubai airport. Bhardwaj is also said to have links with Pakistan intelligence agency ISI.

His arrest will give a sense of relief to many investors who fell prey to Bhardwaj plot. He is an alumnus of MGM’s College of Engineering at Nanded and in past worked with IT major Infosys. He also floated India’s first online retailer – Highkart that allowed Bitcoin-based payments. However, the company has shut down operations in 2016.

According to a FactorDaily report, Bhardwaj owns and runs a slew of companies including GainBitcoin and GBMiners. Both companies are related to cryptocurrency-based operations and happen to be subsidiaries of Amaze Mining & Research Ltd, a Hong-Kong based entity.