ED seizes bitcoins worth over Rs 12 crore in money laundering case

Cases of malpractices by crypto-related firms are on the rise. The Enforcement Directorate (ED) has seized bitcoins worth over Rs 12 crore in one such case. This action has been taken under the Prevention of Money Laundering Act (PMLA). In this case, investigation was done against the gaming app E-nuggets and Aamir Khan and other persons associated with it.

The ED said that it had started investigation on the basis of an FIR registered last year. In this, the Park Street police station of Kolkata had registered a case against Aamir Khan and others under various sections of the IPC. In this regard, a complaint was filed on behalf of Federal Bank in the court of Chief Metropolitan Magistrate, Calcutta. ED said that Aamir Khan had started mobile gaming app E-Nuggets to cheat people. He had banned the withdrawal of money from the app on the pretext of collecting huge amount from the people. Along with this, all the data was also deleted from the servers of the app.

Investigation revealed that the accused was remitting illegally obtained money abroad using cryptocurrency exchanges. The ED said, “The accused had opened a fake account of Pixal Design owner Seema Naskar on crypto exchange WazirX. It was being used to buy cryptocurrencies. The cryptocurrencies were then transferred to another account on the crypto exchange Binance. “

Earlier this month, the ED had seized around Rs 7 crore by raiding the premises of the promoters of this gaming app firm. In this, users were initially lured with higher commission but later its promoters stopped the feature of withdrawing money citing reasons like system upgrade or investigation by law enforcement agencies. Recently, some crypto exchanges were also summoned by the ED. The summons was issued for allegedly violating the rules of money laundering and foreign exchange. These exchanges included CoinDCX, WazirX and Coinswitch Kuber.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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