In accordance with the requirements of the Prevention of Money Laundering Act, the Enforcement Directorate has frozen crypto worth up to Rs 47.64 lakh.
According to a statement released by the Enforcement Directorate (ED), this comes after an inquiry into a group led by one Aamir Khan and others using the mobile game app E-nuggets.
An FIR was filed by the Park Street police station in Kolkata on February 15, 2021, charging Khan and a few others with money laundering under different sections of the Indian Penal Code in response to an investigation filed by the Federal Bank in a Kolkata court.
Khan created a mobile game application called E-Nuggets that was intended to mislead people. In addition, the statement claimed that, after gathering a sizeable amount from the general public, the developers of the same app suddenly disabled withdrawals for reasons unknown.
The ED investigation has shown that the accused was utilizing cryptocurrency exchange to transfer earnings from the gaming app (E-nuggets).
The equivalent of Rs 47.64 Lakh was discovered in Khan and his partners’ WazirX (crypto exchange) wallet, which has been frozen under the PMLA.
During an earlier search of Khan’s residence, 17,32 crore rupees in cash were discovered and seized.
As many as 85.91870554 Bitcoins valued at USD 16,74,255.7, or Rs 13.56 crore, were detected in balance on the Binance Exchange, a statement stated adding that an investigation is still ongoing.
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