ED, Cyber Crime conduct search ops at 20 locations in Magicwin case

The Directorate of Enforcement (ED), Ahmedabad Zonal Office, conducted search operations in collaboration with the Cyber Crime Police Station, Ahmedabad, at 20 locations across Delhi-NCR, Bengaluru, Lucknow, and Coimbatore in connection with the case against Magicwin and others under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.

During the search operations, incriminating records, digital devices, and cash amounting to Rs 30 lakh were seized. Additionally, approximately Rs 2 crore was frozen, and certain crypto wallets were identified containing a balance of about Rs 12 crore.