New Delhi Dec 30 (UNI) The Enforcement Directorate (ED), Chandigarh Zonal Office on Tuesday said that they recently conducted search operations at nine residential premises across Ambala, Kurukshetra, Karnal and Chandigarh in connection with cheating of crores of Rupees under the guise of investment in the name of fake entity Crypto World Trading Company.
During the search operations, various incriminating documents, digital evidence have been seized. Besides, 18 bank accounts having proceeds of crime worth Rs. 22.38 Lakh have been frozen along with seizure of Rs. 4 Lakh in cash. In addition, immovable properties worth Rs. 3 Crore have also been unearthed.
The ED initiated investigation on the basis of an FIR registered by the Haryana Police, against Vikas Kalra, Tarun Taneja, Kapil Kumar & Pawan Kumar. The ED investigation has revealed that the accused individuals, in collusion with each other, had cheated crores of Rupees from numerous people in the city and surrounding areas by alluring them to invest in Crypto World Trading Company.
The accused had created a fraudulent online platform under the name of Crypto World Trading Company, with an intent to deceive innocent investors of their hard-earned money.
Investigation revealed that accused persons created Crypto Wallets on Binance where they received money from various investors. Analysis of bank accounts of accused persons reveals that investments from various investors were received in their personal bank accounts and layered through bank accounts of their family members and associates. The Proceeds of Crime generated has been utilised by the accused person in acquiring immovable properties in the name of their family members. Further investigation into the matter is ongoing.
