ED seizes cryptocurrency worth Rs 90 crore in online gaming app probe
By MYBRANDBOOK
The Enforcement Directorate (ED) has seized Rs 90 crore from cryptocurrency wallets of exchanges including Binance, ZebPay, and WazirX, as part of a money laundering investigation linked to an online gaming app 'E-Nugget'.
The scam app, posing as a gaming platform, promised high returns to users. An FIR at Kolkata's Park Street Police Station led to the ED case under the Prevention of Money Laundering Act (PMLA). The investors found themselves stranded after the guise of the app was crushed following investments.
The ED brought forth the app’s illegal activities in 2022 and revealed that some of the illicit gains were invested in digital assets. Almost 2,500 dummy bank accounts were identified. ED seized around Rs 90 crore in 70 accounts. The accounts were linked to the scam after gathering information from Binance and other exchanges.
Aamir Khan and Romen Agarwal were arrested in the scam and a charge sheet was filed. The agency seized, attached or froze a total of Rs 163 crore worth of assets in this case, including cash, cryptocurrencies, bank account balances, and offices.
Google promotes Sanjay Gupta as APAC President
Sanjay Gupta, who is the present Country Manager - India for Google has be...
Supreme Court verdicts against NEET Re-Examination
The Supreme Court declared that there will be no retest for the NEET-UG e...
Government brings in three employment-linked incentive program
The Finance Minister unveiled three new incentive programs in the Union ...
Amazon may soon launch new AI-powered Alexa
Amazon has been previewing an all-new Alexa which will be based on a new l...
BHARAT ELECTRONICS LTD.
PRAMA HIKVISION INDIA PRIVATE LIMITED
QUICK HEAL TECHNOLOGIES PVT. LTD.
GLOBUS INFOCOM LTD.
Icons Of India : Arundhati Bhattacharya
Arundhati Bhattacharya serves as the Chairperson and CEO of Salesforce...
ICONS OF INDIA : RISHAD PREMJI
Rishad Premji is Executive Chairman of Wipro Limited, a $11.3 billion ...
ICONS OF INDIA : ROSHNI NADAR MALHOTRA
Roshni Nadar Malhotra is the Chairperson of HCLTech, a leading global ...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
UIDAI - Unique Identification Authority of India
UIDAI and the Aadhaar system represent a significant milestone in Indi...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...