Enforcement Directorate seizes assets worth INR 36.6 Cr in crypto scam
Shortpedia
Content Team
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The Enforcement Directorate (ED) has seized assets worth INR 36.7 Cr ($5 Mn) from Nishad K, MD and his associates under the Prevention of Money Laundering Act (PMLA), 2002 in connection with the INR 1200 Cr (162 Mn) Morris Coin cryptocurrency cheating case. Nishad and his associates defrauded investors by pretending to offer an opportunity to invest in a fake cryptocurrency called ‘Morris Coin’
