The Enforcement Directorate (ED) has seized Rs 7 crore in raids on promoters of a Kolkata-based gaming app firm. The raids were conducted at six locations as part of a money laundering investigation. ED claims that this mobile gaming app was started to cheat people.
ED has given information about these raids in a tweet. The promoters of this gaming app, called E-Nuggets, have been identified as Aamir Khan and a few others. A report states that an FIR was registered against this firm last year. The raids have been carried out on the premises associated with this app and its promoters. More than Rs 7 crore have been seized in the raids. The report said that a money laundering case was being investigated in connection with an FIR lodged at the Park Street police station in Kolkata last year.
It has been told in the report that the fraud was done after gaining the trust of the people from this mobile gaming app. In this, users were initially lured with higher commission but later its promoters stopped the feature of withdrawing money citing reasons like system upgrade or investigation by law enforcement agencies. recently ED had also summoned some crypto exchanges. The summons was issued for allegedly violating the rules of money laundering and foreign exchange. These exchanges included CoinDCX, WazirX and Coinswitch Kuber. The ED is probing the alleged money laundering of Rs 2,790 crore through WazirX.
In another case, it was revealed that WazirX allowed foreign users to convert one cryptocurrency to another on its platform, as well as use transfers from third party exchanges such as FTX. Even before this, in some cases ED regarding crypto exchanges the inspection is of. The central government does not want to give any exemption to the crypto industry in the country. Taxes are being levied on crypto like betting and lottery gains. This industry has been facing difficulties for the last several months.