The Indian AML Watchdog has freezed the crypto currencies of Amir Khan.
Who filed the complaint?
ED has Freezed the Crypto Currencies WRX and USDT Equivalent to Rs 47 Lakhs. ED has freezed the cryptocurrencies [WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar)] equivalent to Rs 47.64 Lakhs under PMLA, 2002, in respect to an investigation being conducted against one Aamir Khan and others relating to the Mobile Gaming Application, namely E-nuggets. Total Seizure is now Rs. 31.35 Crore in this case.
What are crypto currencies?
The Crypto currency is regarded as the currency that is form of digital currency. It is the digital payment system. It is a peer to peer system. Crypto currency is stored in the digital payment wallets. The advanced coding system is involved in storing the data. WRX is one of the crypto currency.
What is E-nuggets?
E-nuggets is regarded as an mobile application initiated that is generally used for defrauding the public. Its an online gaming portal.
Allegations on Amir Khan
Directorate of Enforcement (ED) has freezed the crypto currencies [WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar)] equivalent to Rs 47.64 Lakhs under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in respect to an investigation being conducted against one Aamir Khan and others relating to the Mobile Gamming Application, namely E-nuggets.
ED initiated money laundering investigation on the basis of FIR dated 15.02.2021 filed under various sections of IPC by Park Street Police Station, Kolkata Police, against Aamir Khan & others, based on complaint filed by Federal Bank authorities, in the court of Learned Chief Metropolitan Magistrate, Calcutta.
Investigation of Amir Khan case
Aamir Khan, S/o Nesar Ahmed Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding public. Further, after collecting handsome amount from the public, all of the sudden, the withdrawal from the said App, was stopped, on the pretext of one and other excuses. Thereafter, all data including profile information was wiped off from the said App servers.
ED investigation revealed that accused was transferring the amount earned through the gaming app (E-nuggets) by using Crypto Currency Exchange. Amount equivalent to Rs 47.64 Lakh was found in the wallet of WazirX (Crypto Exchange) WRX belonging to Aamir khan and its associates and the same has been freezed under PMLA.
Earlier during search operation conducted earlier against said Amir Khan:
- Rs 17.32 Crore Cash was found and seized from the residential premises
- 85.91870554 Bitcoins equivalent to USD 1674255.7 (equivalent to Rs 13.56 Cr approx. as per market exchange rate) found in balance in Binance Exchange was freezed.
