ED freezes Rs 91 crore in a crypto money laundering case

The Enforcement Directorate (ED) has frozen around Rs 91.6 crore of various companies reportedly linked to a cryptocurrency money laundering case, a report said on April 25. The entities, against whom the agency acted, were included in "HPZ Token fraud," the Times of India said. The funds frozen by the agency which investigates money laundering and other economic offences, were parked with banks and payment gateways. The names and other details of the companies, the banks and payment gateways were not disclosed in the report. ED sources, however, told the newspaper that the banks and payment forms were not charged in the case.

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