In its first-ever operation in Ladakh, the Enforcement Directorate on Friday launched raid in Leh. It is under the provisions of the Prevention of Money Laundering Act in connection with a fake cryptocurrency business case.
As per the information shared by officials, Srinagar Wing of ED are conducting the operation. This operation is first of its kind in Ladakh, a region which otherwise enjoyes a tax holiday.
Also Read: Wayanad Landslides Death Toll On Surge At 297, 206 Untraced
“Searches are underway in connection with the cryptocurrency business and are being conducted at six premises simultaneously in Leh, Sonipat (Haryana) and Jammu.
“The searches are being carried out at the business premises of M/S A.R.Mir and others under the Prevention of Money Laundering Act (PMLA). Thousands of investors have invested money in fake currency namely ‘Emollient Coin’ and these investors have got nothing in return,” the officials said.
“Several FIRs are registered in Leh and there are several complaints in J&K. Promoters of the fake currency business are covered under today’s search operation,” officials said.
The CRPF is assisting the ED sleuth in the operation. Local police are also volunteering in searches in fake cryptocurrency business case.
The ED officials said details would be shared with the media after the conclusion of the day’s search operation.
India evacuated 4,415 nationals from Iran and Israel under Operation Sindhu, the MEA said Friday,…
PM Narendra Modi will embark on a five-nation tour from July 2, visiting Ghana, Trinidad…
The Allahabad HC has directed the UPPSC to allow petitioner Sameer Khan to use a…
The Allahabad High Court strongly rebuked three senior officials from Baghpat district, the Collector, SDM…
The Adani Group has emerged as India’s fastest-growing brand in 2025, registering a massive 82%…
Flash floods struck Swat district, on Friday, sweeping 18 tourists, including women and children, into…