ED freezes crypto assets worth Rs 12 crore in E-nuggets mobile app case
India Today
The Enforcement Directorate has frozen crypto assets worth Rs 12.83 crore in connection with an E-nuggets mobile application case.
The Enforcement Directorate (ED) has frozen crypto currencies worth Rs 12.83 crore, under the provisions of the Prevention of Money Laundering Act, following a probe into the mobile gaming application E-nuggets case. Earlier, the ED had seized Rs 17.32 crore cash in the case.
The case was registered based on a Kolkata Police FIR against one Aamir Khan and others relating to a mobile gaming application. The accused, Aamir Khan, is currently in police custody.
The money laundering case was registered based on a Kolkata Police FIR that was based on a complaint by officials of Federal Bank.
READ | Crypto exchange WazirX bank accounts unfrozen by ED, to continue banking operations as usual
According to the ED, the accused, Aamir Khan, launched a mobile gaming application called E-Nuggets, which was designed for the purpose of defrauding the public. Initially, users were rewarded with a commission and their wallet balance could be withdrawn without hassle.
But after collecting a seizable amount of money from the public, all of a sudden withdrawal from the said app was stopped. Shortly after, all data including profile information was wiped off from the said app servers.
The ED investigation revealed that the accused was transferring part of the amount illegally earned through E-nuggets to overseas by using crypto currency exchange. A dummy account in the name of one Sima Naskar was opened in the WazirX [crypto exchange], which was used to purchase crypto currencies, the ED said.
