At least eight people, including a policeman, have been arrested in Pune's Pimpri Chinchwad for allegedly abducting a man to extort bitcoin cryptocurrency worth Rs 300 crore, the police informed on Wednesday.

According to Zone 2 Deputy Commissioner of Police (DCP) Anand Bhoite, during the investigation, it was revealed that a constable, Dilip Tukaram Khandare, while working with Pune cybercrime cell, had learnt that share trader Vinay Naik has bitcoin cryptocurrency worth Rs 300 crore.