The Enforcement Directorate (ED) has seized ₹1 crore in cash along with incriminating documents and property records during raids conducted by its Srinagar unit. The searches, which took place earlier this week, were carried out at six locations in Leh, Jammu, and Sonipat (Haryana) as part of an investigation into a cryptocurrency scam.
The ED’s action is linked to a money laundering case involving one AR Mir and others. The case centers on allegations of defrauding individuals by falsely persuading them to invest in a fictitious cryptocurrency called ‘Emollient Coin,’ according to an ED post on X.
On August 2, the ED recovered various incriminating documents, property records, digital devices, and the cash during the search operations.
