📷 Image: Wikimedia Commons / Ministry of Finance of India
Crime
ED Conducts Searches in Bengaluru and MPs’ Homes Over Rs 5,000 Crore Crypto Transfer
✍️ The Indian Express
🗓 30 Oct 2026, 10:04 PM
👁 15
The Enforcement Directorate carried out search operations in Bengaluru and at the residences of several Members of Parliament in a case involving a Rs 5,000 crore cryptocurrency transfer.
The Enforcement Directorate (ED) announced that it had conducted search operations in Bengaluru and at the residences of several Members of Parliament as part of its investigation into a cryptocurrency transfer worth approximately Rs 5,000 crore.
The searches were carried out in the capital city of Karnataka, with officers seizing electronic devices and documents that could be linked to the alleged transfer.
The case, which has attracted significant media attention, alleges that the funds were moved through digital currencies to obscure the source and destination of the money.
The ED has not released further details about the identities of the MPs involved or the specific locations searched, but it confirmed that the operation was carried out under a court order.
The searches were carried out in the capital city of Karnataka, with officers seizing electronic devices and documents that could be linked to the alleged transfer.
The case, which has attracted significant media attention, alleges that the funds were moved through digital currencies to obscure the source and destination of the money.
The ED has not released further details about the identities of the MPs involved or the specific locations searched, but it confirmed that the operation was carried out under a court order.