2 August: Enforcement Directorate conducts first-ever raids in Ladakh for money laundering in a cryptocurrency fraud case.
On August 2, the Enforcement Directorate (ED) carried out its first-ever raids in the Union Territory of Ladakh as part of a money laundering probe linked to a cryptocurrency fraud case. At least six premises were searched in Leh town of Ladakh, Jammu in J&K, and Sonipat in Haryana against A R Mir and others. The investigation stems from multiple FIRs registered in Leh and the Union Territory of Jammu and Kashmir. Thousands of investors are alleged to have deposited money into a fake cryptocurrency scheme named "Emollient Coin Limited," after which funds were laundered by the business' promoters to buy land assets in Jammu.
August 02, 2024
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