The Directorate of Enforcement of India froze the cryptocurrencies WazirX utility token WRX and an Ethereum token TetherUSDT equivalent to Rs 47.64 lakhs under the provisions of the Prevention of Money Laundering Act PMLA 2002.
The Economic Intelligence Agency has revealed that WazirX's utility token WRX and the etherUSDT have been frozen due to an investigation conducted against one Aamir Khan and others relating to the Mobile Gaming Application E-nuggets Amount equivalent to Rs 47.64 Lakh was found in the wallet of WazirX Crypto Exchange belonging to Aamir Khan and its associates, and the same has been frozen under PMLA.
In a search operation earlier in the day against the accused Khan, Rs 17.32 crore of cash was found and seized from the residential premises. In addition to this, about 85.91870554 bitcoins, equivalent to $1674255.7, equivalent to Rs 13.56 crore approx. As a result of balance in the Binance Exchange, the market exchange rate was frozen.
ED has initiated a money-laundering investigation based on an FIR filed by Park Street Police Station, Kolkata Police, under various sections of the Indian Penal Code IPC by Park Street Police Station, Aamir Khan others, based on the complaint filed by Federal Bank authorities in the court of Learned Chief Metropolitan Magistrate, Calcutta.
According to the ED, Aamir Khan launched a mobile gaming application called E-Nuggets, designed to defraud the public. After collecting a lot of money from the public, all of the sudden withdrawal from the E-Nuggets app was stopped on the pretext of one and other excuses.
All of the data including profile information was wiped off from the App servers.
The investigation revealed that the accused was using theCrypto Currency Exchange to transfer the amount earned through the E-nuggets app. The investigation is under progress, according to ED.