ED attaches properties worth Rs 47.70 crore linked to Bitconnect Coin cryptocurrency scam.
The Enforcement Directorate (ED) in Ahmedabad has attached properties worth Rs 47.70 crore ($6.5 million) linked to the Bitconnect Coin cryptocurrency scam. The investigation, initiated from FIRs against key figures including Satish Kumbhani, revealed fraudulent schemes that defrauded investors from November 2016 to January 2018. Shailesh Bhatt, one of the accused, was arrested for money laundering and has a prosecution complaint pending. The investigation continues.
October 11, 2024
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