Jan 24, 07:12 AM

ED Raids and Freezes Rs 500 Crore in Assets Linked to Cybercrime and Cryptocurrency Scams

The Enforcement Directorate (ED) has intensified its efforts against cybercrime and financial fraud, conducting raids and freezing assets linked to several major scams. In Mumbai and Jaipur, the ED raided 10 locations in connection with the Torres Jewellery fraud case. Additionally, the agency froze approximately Rs 500 crore in virtual accounts of eight payment gateways, including Razorpay, PayU, Easebuzz, and Paytm, as part of its investigation into the HPZ Token scam, a cryptocurrency fraud operated by 10 Chinese nationals. The ED also provisionally attached 10 immovable properties worth about Rs 20.69 crore, linked to a cybercrime scam that laundered and transferred funds overseas amounting to Rs 4,978 crore. The Central Bureau of Investigation (CBI) conducted search operations at 10 locations related to a Rs 350 crore cryptocurrency Ponzi scheme run by seven different modules across the country.

#Enforcement Directorate #ED #Mumbai #Jaipur #Torres Jewellery fraud #Razorpay #PayU #Easebuzz #Paytm #HPZ Token scam #Chinese #Central Bureau of Investigation #CBI #Ponzi

Written with ChatGPT .

ED Raids and Freezes Rs 500 Crore in Assets Linked to Cybercrime and Cryptocurrency Scams

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