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ED arrests Gujarat cryptocurrency trader in ₹1,100 cr Chinese betting scam

The Enforcement Directorate (ED) has arrested a cryptocurrency trader in connection with its money laundering probe linked to an online Chinese betting scam case that is estimated to be over ₹ 1,100 crore, the central agency said on Friday. It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.

News source ~ NDTV