Bitcoins worth more than Rs. 12 crore are freed from the ED-backed gaming platform E-Nuggets

Bitcoins worth more than Rs. 12 crore are freed from the ED-backed gaming platform E-Nuggets ...

After an investigation was conducted against a man named Aamir Khan and others in connection with the mobile gaming application E-nuggets, the Department of Energy (ED) has frozen bitcoins worth Rs. 12.83 crore under the Prevention of Money Laundering Act (PMLA).

According to the enforcement agency, Aamir Khan and others were investigated on the basis of a FIR filed under various sections of IPC by the Park Street Police Station and Kolkata Police, based on a complaint filed by Federal Bank authorities in the court of Chief Metropolitan Magistrate, Calcutta.

Aamir Khan, son of Nesar Ahmed Khan, has launched a mobile gaming application E-Nuggets, which, according to the ED, was intended to be a way to defraud the public.

"User the last day, after collecting the huge amount of money from the public, all of the sudden withdrawal from the said App was taken off on one basis or the other. Hereafter, all data including profile information was removed from the said App servers," the agency said on Wednesday.

The investigation by the agency found that the accused was transposing a portion of the illegally earned earner via the gaming app (E-Nuggets) to overseas by using the Crypto Currency Exchange.

"It was discovered that a dummy account named Sima Naskar, the Proprietor of Pixal Design, was opened in the WazirX, which was used to purchase the cryptocurrencies/crypto assets. Anschlieend, the said cryptocurrencies were further transferred to another account in another Crypto Exchange, namely ''Binance.''

The ED was investigating the raid on promoters of a Kolkata-based mobile gaming app. The cash over Rs. 7 crore was recovered after an FIR was filed against the company.