Enforcement Directorate seizes Rs 1 crore in maiden Ladakh raid over cryptocurrency scam

The Enforcement Directorate (ED) has seized ₹1 crore after conducting its first-ever search operations in Leh-Ladakh in connection with a fake cryptocurrency investment scheme that defrauded 2,508 investors of over ₹7 crore.

“The agency on Sunday seized ₹1 crore in cash and other incriminating documents connected to the fraudulent scheme,” said an official.

On Friday, the ED raided several premises in Ladakh and in Sonipat in Haryana linked to Leh residents A.R. Mir and Ajay Kumar Choudhary, who ran a cryptocurrency syndicate that promised to double investors’ money or an assured return of 40 per cent if they agreed to a lock-in period of 10 months.