India's Enforcement Directorate Raids 19 Locations, Seizes Approximately 335 Million Rupees in Crypto Assets

According to Magzter, India's Enforcement Directorate raided 19 locations between July 10 and 11 during a money laundering investigation involving online investment fraud and "work-from-home" scams, including 16 in Tamil Nadu, 2 in Kerala, and 1 in Srinagar. During the operation, approximately 335 million rupees worth of cryptocurrency and 145,000 rupees in cash were seized, over 400,000 rupees in bank accounts were frozen, and documents, electronic devices, and bank records were confiscated.