Karnataka: Abductors of bizman’s grandson demand ransom in bitcoins The boy, grandson of a businessman, was kidnapped from outside his residence on Thursday evening. Updated: December 19, 2020 9:16:06 am A coin representing Bitcoin cryptocurrency (Photographer: Luke MacGregor/Bloomberg) The Karnataka Police on Friday stepped up search for an abducted eight-year-old boy after calls were made demanding ransom in bitcoins. Anubhav, the grandson of a businessman, was kidnapped from outside his residence on Thursday evening. According to the complaint filed by the child’s family, the incident took place in Ujire, a town near Dharmasthala in Dakshina Kannada district. It said Anubhav, the grandson of businessman AK Shivan, was picked up by some people in a white Tata Indica.