ED seized over Rs 6 crore in assets and bitcoin in a case of part-time job fraud connected to China.
Under the Prevention of Money Laundering Act (PMLA), 2002, the Enforcement Directorate (ED) has attached movable assets totaling Rs 6.47 crore, including Rs 71.3 lakh in cryptocurrencies, in connection with the China-related part-time employment fraud case.
Based on an FIR filed by Bengaluru’s South Cyber, Economic & Narcotics (CEN) police station, the ED opened the probe.
According to the inquiry, “some Chinese individuals defrauded some naive kids through a smartphone app called Keepsharer, through which they gathered money under the pretense of providing them with part-time jobs. These Chinese individuals established businesses in India and hired numerous Indians as directors, interpreters, human resource managers, and telemarketers, according to the agency.
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