Indian ED Raids 21 Premises in Multiple States in Karnataka’s Crypto Fraud Case Investigation
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India's Enforcement Directorate raided 21 locations in Karnataka, Maharashtra, and Delhi on December 18 as part of an investigation into 4th Bloc Consultants for running a fraudulent crypto investment scheme since 2015. The operation was conducted under the Prevention of Money-Laundering Act, 2002, following allegations of organized financial fraud linked to a fake crypto platform.
- India’s ED raided 21 premises across Karnataka, Maharashtra, and Delhi on December 18.
- Investigation targets 4th Bloc Consultants for fake crypto platform operations.
- Network has been operating since 2015 using an MLM structure with referral bonus incentives.
India’s Enforcement Directorate (ED) executed search operations at 21 premises across Karnataka, Maharashtra, and Delhi on December 18, targeting a cryptocurrency investment fraud network. The raids occurred under the Prevention of Money-Laundering Act, 2002, provisions in a case registered against 4th Bloc Consultants and associated individuals.
The agency searched the residential and office premises of the accused persons and their associates. The action followed a preliminary investigation based on an FIR and information shared by the Karnataka State Police alleging organized financial fraud through crypt…
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Indian ED Raids 21 Premises in Multiple States in Karnataka’s Crypto Fraud Case Investigation
Share:
India's Enforcement Directorate raided 21 locations in Karnataka, Maharashtra, and Delhi on December 18 as part of an investigation into 4th Bloc Consultants for running a fraudulent crypto investment scheme since 2015. The operation was conducted under the Prevention of Money-Laundering Act, 2002, following allegations of organized financial fraud linked to a fake crypto platform.
- India’s ED raided 21 premises across Karnataka, Maharashtra, and Delhi on December 18.
- Investigation targets 4th Bloc Consultants for fake crypto platform operations.
- Network has been operating since 2015 using an MLM structure with referral bonus incentives.
India’s Enforcement Directorate (ED) executed search operations at 21 premises across Karnataka, Maharashtra, and Delhi on December 18, targeting a cryptocurrency investment fraud network. The raids occurred under the Prevention of Money-Laundering Act, 2002, provisions in a case registered against 4th Bloc Consultants and associated individuals.
The agency searched the residential and office premises of the accused persons and their associates. The action followed a preliminary investigation based on an FIR and information shared by the Karnataka State Police alleging organized financial fraud through crypt…
Read The Full Article Indian ED Raids 21 Premises in Multiple States in Karnataka’s Crypto Fraud Case Investigation On Coin Edition.
In This News
Coins
$ 0.0042
-2.30%Share:
In This News
Coins
$ 0.0042
-2.30%Share:
Read More
India’s Crypto Policy Under Scrutiny as Chadha Pushes for VDA Legal Recognition