India’s Enforcement Directorate (ED) says it has frozen 44.5 more bitcoins as part of an ongoing money laundering investigation into mobile gaming app E-nuggets. The authority has already frozen nearly 86 bitcoins at crypto exchange Binance relating to the same investigation.
India’s ED Freezes More Bitcoin in E-nuggets Case
India’s Enforcement Directorate (ED) announced Thursday that it has frozen 44.5 bitcoins under the country’s Prevention of Money Laundering Act (PMLA). The ED is the government of India’s law enforcement and economic intelligence agency.
The official Twitter account for the ED tweeted:
ED has carried out search operation at 2 premises in Kolkata and seized cash of Rs 1.65 Cr, froze 44.5 bitcoin (equivalent Rs 7.12 Cr) & other incriminating documents under PMLA, in respect to an investigation being conducting relating to the mobile gamming app., namely E-nuggets.
The authority explained: “Aamir Khan, s/o Nesar Ahmed Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding public … It was revealed that multiple accounts (more than 300) were used to launder the money.”
Prior to Thursday’s announcement, the ED has already frozen cryptocurrencies relating to its investigation of E-nuggets several times.
On Sept. 28, the ED said it has frozen 77.62710139 bitcoins at cryptocurrency exchange Binance. The authority subsequently froze more BTC. In its Sept. 30 announcement, the ED said a total of “85.91870554 bitcoins equivalent to USD $1674255.7 (equivalent to Rs 13.56 Cr approx. as per market exchange rate) found in balance in Binance exchange was frozen.” The ED has also frozen WRX (the utility token of Indian crypto exchange Wazirx) and stablecoin tether (USDT) equivalent to Rs 47.64 lakhs in Wazirx accounts relating to the E-nuggets case.
The ED stated Thursday:
During investigations conducted under PMLA so far, an amount of Rs 51.16 Cr has been seized/ frozen in total in this case.
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