The Enforcement Directorate on Wednesday conducted searches at Gaurav Mehta's Chhattisgarh premises. The company is allegedly linked to a bitcoin transactions case in poll-bound Maharashtra.
The Enforcement Directorate (ED) on Wednesday conducted searches at the Chhattisgarh premises of Gaurav Mehta's company, which is allegedly linked to a bitcoin transactions case in poll-bound Maharashtra, officials said.
The searches are being conducted by the central agency as part of an ongoing money laundering probe, they said.
The locations of Mehta in Chhattisgarh's capital city, Raipur, are being covered under the provisions of the Prevention of Money Laundering Act (PMLA), the officials said.
The Bharatiya Janata Party (BJP) has alleged that NCP leader and Baramati MP Supriya Sule and Congress leader Nana Patole used Bitcoins illegally to fund the current elections as its leaders played a recording purportedly claiming it to be Sule's voice. Mehta is allegedly linked to these transactions.
Polling for the 288-member Maharashtra Assembly is taking place on Wednesday.
Officials said the ED is probing the role of Mehta and some others on charges of collecting "huge" amounts of funds in the form of bitcoins (worth Rs 6,600 crore in 2017) from gullible public with the false promises of 10 per cent per month return in the form of bitcoins.
The case stems from police FIRs filed in Maharashtra and Delhi.
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