Tuesday, 25 April, 2023
ED Freezes Rs 91 Crore of Companies in Crypto Money Laundering Case
![ED Freezes Rs 91 Crore of Companies in Crypto Money Laundering Case](https://d3vnc3w6v6jm99.cloudfront.net/ED_Freezes_Rs_91_Crore_of_Companies_in_Crypto_Money_Laundering_Case.webp)
India's Enforcement Directorate (ED) has reportedly frozen assets worth Rs 91 crore ($12 million) of companies that were allegedly involved in a cryptocurrency money laundering scheme. The companies are accused of using cryptocurrencies to launder money, which was then invested in various businesses. The ED has been investigating the case for several months and has reportedly found evidence of large-scale money laundering activities involving cryptocurrencies.
Read full story at ToI
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