Patna July 18 (IANS) Separate teams of the Enforcement Directorate (ED) on Thursday conducted raids at four places in Bihar’s Nalanda district as part of a money laundering investigation related to cryptocurrency.
According to sources, individuals involved in the racket used a gaming app called FIEWIN to dupe people.
The ED teams carried out raids at Amber Naisarai, Garhpar, Hospital Chowk, and Badi Pahadi Mohalla areas of the district. During the operations, the ED officials seized important documents, laptops, and hard disks. However, no arrests have been made in connection with the case so far.
Confirming the raids, Ramashankar Singh, the SHO of the City police station, said, “The operations were carried out confidentially. The details have not been shared by the ED officials.”
Sources said the operators of the FIEWIN gaming app reportedly have links to Chinese nationals, whose involvement cannot be ruled out. The operators allegedly amassed crores of rupees through the gaming app and transferred the cryptocurrency earnings abroad.
The raids were initiated after information was received that some individuals in Biharsharif were involved in share trading and were enticing people to invest in the FIEWIN app, which promised returns ranging from double to 36 times the investment by guessing colours.
The winners could earn in cryptocurrencies such as Bitcoin and Ethereum.
–IANS
ajk/arm
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
