Kolkata: ED conducts raids at 12 locations in e-Nuggets gaming app fraud case

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The Enforcement Directorate (ED) has conducted raids at 12 locations in Kolkata today in relation to the e-Nuggets gaming app fraud case.

The investigation agency raided a house on Sambhunath Pandit street in Bhowanipore and discovered that the accused is defrauding people using a mobile gaming application.

Amir Khan, the main accused in the e-Nuggets case, has reportedly used many bank accounts to complete cryptocurrency transactions reaching a few hundred crores. According to sources, Khan used accounts that belonged to members of the lower socioeconomic classes. The cryptocurrencies have since been frozen by the investigating agency in accordance with the Prevention of Money Laundering Act (PMLA).

The man whose house was raided is reported to have utilized his e-wallet to conduct fraudulent cryptocurrency transactions. A portion of the money allegedly defrauded from the victims was also discovered during the search operation according to Republic World.

The agency, however, has not confirmed seizing anything yet. The accused’s father specifically mentioned in his testimony to ED that he works as a peon in a private company and has no knowledge of cryptocurrencies or the e-Nuggets gaming applications.

The investigation by ED in the e-Nuggets gaming application case began last year. Back in September, they seized Rs 12.83 crore worth of bitcoins under PMLA from the primary suspect ‘Amir Khan’.

Later on, in November, after the arrest of Amir Khan, the PMLA court sent him to ED custody for further investigation about the operations. Khan revealed that the application operated by luring users with good returns initially. However, after they invest large sums of money their withdrawal is blocked and the account gets deleted.

The ED is rigorously investigating the e-Nuggets fraud app case. Most recently, they froze Rs 42.21 crore across 1548 bank accounts in December 2022.