The Enforcement Directorate has freezed crypto currencies and Tether, an Ethereum token that is pegged to the value of a U.S. dollar, equivalent to ₹47.64 lakh under the provisions of the Prevention of Money Laundering Act (PMLA).
This has come following an investigation conducted by the ED against a person named Aamir Khan and others relating to the Mobile gaming application, E-nuggets, According to an Enforcement Directorate (ED) statement.
The ED initiated the money laundering investigation on the basis of an FIR registered on February 15, 2021 under various sections of IPC by the Park Street police station in Kolkata against Khan and a few others based on complaint filed by the Federal Bank in a Kolkata court.
