NOIDA (CoinChapter.com)— In a crackdown on financial fraud, Indian law enforcement agency Enforcement Directorate (ED) arrested Aamir Khan. Khan is the key figure allegedly behind a crypto-related online scam that resulted in users losing their hard-earned funds through his, and his accomplices’, illegal activities.
The arrest is part of a broader investigation into the app that duped users by masquerading as a gaming platform offering high returns on investments.
The Arrest and the Crackdown
An FIR by the Kolkata police prompted the ED’s intervention, which unveiled the illegal activities spearheaded by Aamir Khan and his associates. The culprit lured users into investing in E-Nuggets, promising lucrative returns through engaging games.
However, the agency discovered that these promises were a façade when the app abruptly went offline, leaving investors stranded.
During the investigation, the ED seized assets worth ₹1.63 billion, or $19.5 million, including cryptocurrencies, cash, and property. Aamir Khan and his accomplice Romen Agarwal are both currently in judicial custody.
Extensive Efforts To Bring Aamir Khan To Justice
To avoid confusion here, the Aamir Khan that ED arrested has no connection with the Bollywood actor of the same name.
The scam first came to the agency’s attention in 2022, when the ED discovered that someone was investing the app’s gains in digital assets.
“A series of enticing games were designed for real-money wagering and promised users hefty commissions, the app painted a picture of a golden investment opportunity. However, this facade quickly fell apart once investments were made, with the app going dark and leaving the investors stranded without a way to reclaim their funds.“
The agency said
Moreover, in its pursuit to dismantle the financial network behind the scam, the ED traced and analyzed nearly 2,500 mule/dummy bank accounts. Additionally, the extensive financial investigation allowed the authorities to seize additional assets, including ₹ 190 million, or $2.3 million, in cash.
Above all, these efforts underscore the sophisticated methods employed by law enforcement to combat the increasingly digital nature of financial crimes. They are working to ensure that perpetrators are held accountable and victims see a semblance of justice.
