ED Attaches ₹2.34 Crore Worth Assets in Dehradun in “Emollient Coin” Crypto Scam
Dehradun/Srinagar, June 2:
The Enforcement Directorate (ED), Srinagar, has provisionally attached assets worth ₹2.34 crore in connection with a bogus cryptocurrency scam linked to “Emollient Coin.” The action includes deposits in two bank accounts and immovable properties located in Ghati River Valley, Dehradun.
The scam was allegedly being run under the name M/s The Emollient Coin Limited, a UK-based company. Its Indian operations were spearheaded by Naresh Gulia, who is believed to be the promoter of the fraudulent scheme both in India and abroad.
ED’s probe revealed that unsuspecting investors were lured into the fake crypto scheme with promises of high returns, only to be duped of their money.
With Dehradun properties under the scanner, this latest crackdown by the ED sounds a loud alert for citizens of the valley to stay cautious of shady investment offers.
The attachment of assets is part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), and further leads are being pursued to unravel the full scale of the scam.
🔴 Dehradun citizens, be warned – the crypto crooks are in town, and ED’s red flag is real!
#CryptoScamAlert
#DehradunBeware
#EDCrackdown
#FakeCryptoBust
