India’s Enforcement Directorate (ED) says it has frozen 44.5 extra bitcoins as a part of an ongoing cash laundering investigation into cellular gaming app E-nuggets. The authority has already frozen almost 86 bitcoins at crypto change Binance regarding the identical investigation.
India’s ED Freezes Extra Bitcoin in E-nuggets Case
India’s Enforcement Directorate (ED) introduced Thursday that it has frozen 44.5 bitcoins beneath the nation’s Prevention of Cash Laundering Act (PMLA). The ED is the federal government of India’s regulation enforcement and financial intelligence company.
The official Twitter account for the ED tweeted:
ED has carried out search operation at 2 premises in Kolkata and seized money of Rs 1.65 Cr, froze 44.5 bitcoin (equal Rs 7.12 Cr) & different incriminating paperwork beneath PMLA, in respect to an investigation being performed regarding the cellular gamming app., particularly E-nuggets.
The authority defined: “Aamir Khan, s/o Nesar Ahmed Khan launched a cellular gaming utility particularly E-Nuggets, which was designed for the aim of defrauding public … It was revealed that a number of accounts (greater than 300) had been used to launder the cash.”
Previous to Thursday’s announcement, the ED has already frozen cryptocurrencies regarding its investigation of E-nuggets a number of occasions.
On Sept. 28, the ED stated it has frozen 77.62710139 bitcoins at cryptocurrency change Binance. The authority subsequently froze extra BTC. In its Sept. 30 announcement, the ED stated a complete of “85.91870554 bitcoins equal to USD $1674255.7 (equal to Rs 13.56 Cr approx. as per market change charge) present in steadiness in Binance change was freezed.” The ED has additionally frozen WRX (the utility token of Indian crypto change Wazirx) and stablecoin tether (USDT) equal to Rs 47.64 lakhs in Wazirx accounts regarding the E-nuggets case.
The ED acknowledged Thursday:
Throughout investigations performed beneath PMLA to date, an quantity of Rs 51.16 Cr has been seized/ freezed in complete on this case.
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