Captured By Tracy D'souza / 12:29 pm on 5 August 2024
The Enforcement Directorate (ED) conducted raids in Leh, Jammu, and Sonipat, seizing ₹1 crore in cash and incriminating documents related to a fake cryptocurrency scam involving Emollient Coin. This marks the first-ever ED operation in the Union Territory of Ladakh. The scam, orchestrated by Naresh Gulia and Ajay Kumar Choudhary, promised investors high returns, doubling their investments within 10 months. A total of 2,508 investors were defrauded, losing over ₹7.34 crore. The laundered money was used to purchase properties and assets by the accused.
