Under the provisions of the Prevention of Money Laundering Act, the Enforcement Directorate has frozen crypto currencies and Tether, an Ether token pegged to the value of a US dollar, equivalent to Rs. 47.64 lakh (PMLA).
This follows an investigation by the ED into a person named Aamir Khan and others in relation to the mobile gaming application, E-nuggets.
The ED launched the money laundering investigation after the Park Street police station in Kolkata filed a FIR under various sections of the IPC on February 15, 2021.
According to the investigation, the accused was transferring the money earned through the gaming app (E-nuggets) using a crypto currency exchange.