desk
Share
News Topical, Digital Desk : The Enforcement Directorate (ED) has frozen 110 'mule' bank accounts and seized Rs 70 lakh in cash that was being used to fund a Dubai-based cryptocurrency wallet during searches in a money laundering case linked to alleged drug trafficking in Delhi.
Mule bank accounts are used to transfer illegal funds and are opened by misusing real or fake customer IDs.
Raids were conducted at five locations in Delhi-NCR and Jaipur.
The ED conducted the raids on November 14 after taking cognizance of a Narcotics Control Bureau complaint dated November 2024 regarding the seizure of 82.53 kg of cocaine. During the searches, the ED raided five locations in Delhi-NCR and Jaipur.
The value of the seized drugs was estimated at Rs 900 crore by the NCB and the central anti-narcotics agency arrested five people who were suspected to be linked to an online betting network.
110 'mule' accounts frozen
"During the operation, 110 major bank accounts were frozen, including 73 linked to UPI IDs and digital wallets, which were being actively used to handle transactions related to betting operations," the ED statement said.
It said some documents and digital devices seized during the searches showed the use of Dubai-based cryptocurrency wallets for transferring funds. The ED said Rs 70 lakh in cash, "incriminating" documents, digital devices and financial records were also seized.
--Advertisement--
