An Indian-origin Sikh man and his Malaysian partner, who mistakenly got $10.4 million from a cryptocurrency firm, will go on trial in Australia for allegedly using the funds to purchase a $1.2 million home, among other things.
Thevamanogari Manivel, 40, and Jatinder Singh, 37, appeared via a video connection from prison on Tuesday in Melbourne Magistrates Court where they were committed to face trial for theft and other offences, according to the Canberra Times.
Manivel received an incorrect transfer of $10,474,143 when Crypto.com meant to repay her $100. In December 2021, an audit was carried out, and that is when the corporation discovered its blunder.
An investigation afterwards revealed that a worker in Bulgaria who handled the refund processing in May 2021 had entered $10.4 million into an Excel spreadsheet erroneously. The Melbourne Magistrates Court was informed that Singh used Manivel’s bank card to purchase cryptocurrencies, despite the fact that the Crypto.com account was in Singh’s name.
Singh allegedly believed he had won the money after receiving a competition notification from the Crypto.com app. This is what he also said to Manivel. The purchase of cryptocurrency by Singh, according to the police, was made using his partner’s bank account.
However, because the names on the bank account and Singh’s crypto wallet did not match, the $100 transaction was flagged internally, and crypto.com intended to refund just that amount to Manivel’s bank account.
According to a report in The Age, investigations have since shown that $4 million of the funds were allegedly transferred to an offshore bank account, with the remaining funds being used to purchase items like a $1.2 million home in Craigieburn, three other properties, a car, art, furniture, and gifts for friends in Melbourne totalling more than $1 million each.
The assets the duo purchased as well as Manivel’s Australian bank accounts have subsequently been frozen by the Supreme Court, according to a report. Manivel, who is now free on bail, was detained in March 2022 at Melbourne Airport while allegedly trying to take a one-way flight home to Malaysia with roughly $11,000 in cash.
The report stated that Singh, an Indian native, was residing unlawfully in Australia at the time of the alleged offence and was jobless. Manivel has been residing in Australia for the past six years on a student visa and works in the field of elderly care and disability services. However, authorities suspect she intended to depart and never return based on the quantity of bags she had when she arrived at the airport, it claimed.
On November 8, the pair will appear before a County Court judge for directions.