4
The Enforcement Directorate (ED) has seized cryptocurrency worth a record Rs 1,646 crore, marking a significant breakthrough in a money laundering investigation. This “mega” probe targets a fraudulent investment scheme that allegedly defrauded numerous depositors under the guise of securities investments.
The ED’s Ahmedabad office conducted further searches, resulting in the seizure of Rs 13.50 lakh in cash, an SUV, and various digital devices. The case revolves around the “fraudulent” and unregistered offering and sale of securities. This massive cryptocurrency seizure represents the largest of its kind by the ED, underscoring the agency’s commitment to combating financial crimes utilizing digital assets. The investigation is ongoing.
