India’s Directorate of Enforcement (ED) has arrested Manideep Mago below the Prevention of Cash Laundering Act (PMLA), 2002, in reference to an “unlawful international remittances case” involving cryptocurrency. The investigation uncovered {that a} Delhi-based firm offered cryptocurrencies price over Rs. 1858 crore ($223 million) on crypto exchanges and made international remittances exceeding Rs. 3500 crore. […]India’s Directorate of Enforcement (ED) has arrested Manideep Mago below the Prevention of Cash Laundering Act (PMLA), 2002, in reference to an “unlawful international remittances case” involving cryptocurrency. The investigation uncovered {that a} Delhi-based firm offered cryptocurrencies price over Rs. 1858 crore ($223 million) on crypto exchanges and made international remittances exceeding Rs. 3500 crore. Information Bytes, Crypto, Cryptocurrency, Directorate of Enforcement, Hawala syndicate, Manideep Mago, Cash Laundering, Information Bytes – 2
Indian Authority Uncovers Giant-Scale Crypto and Hawala Operation, Arrests Key Participant
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