Arrest of Cryptocurrency Handler in Money Laundering Case.
24 July 2024
The Directorate of Enforcement (ED) has arrested Lakshay Vij on 22nd July 2024 under the Prevention of Money Laundering Act (PMLA) in connection with a money laundering investigation. Vij was presented before the Special Court (PMLA) in New Delhi on 23rd July, where he was granted five days of ED custody.
The case originated from a CBI FIR involving a scam where a US national was tricked into transferring USD 400,000 to a fraudulent cryptocurrency account. The money was then laundered through multiple wallets and dummy accounts before being distributed in Indian currency.
Searches conducted by ED on 6th June 2024 yielded significant digital evidence, including WhatsApp communications showing Vij's role in directing the transactions.