📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED raids four Bengaluru locations linked to MP’s $40 million crypto fraud
✍️ The Hawk
🗓 29 Oct 2026, 06:47 PM
👁 13
The Enforcement Directorate conducted searches at four premises in Bengaluru as part of an investigation into an alleged $40 million cryptocurrency scam involving a sitting Member of Parliament.
The Enforcement Directorate (ED) has carried out searches at four separate premises in Bengaluru, targeting locations suspected to be connected with a large-scale cryptocurrency transaction.
Investigators are focusing on an alleged illegal crypto deal amounting to roughly $40 million, in which a sitting Member of Parliament is said to have played a central role.
The raids are part of a broader crackdown on financial crimes involving digital assets, with the ED seeking evidence that could substantiate charges of money laundering and fraud.
Authorities have not disclosed the identities of the premises or the exact nature of the seized material, stating that further details will be released as the investigation progresses.
Investigators are focusing on an alleged illegal crypto deal amounting to roughly $40 million, in which a sitting Member of Parliament is said to have played a central role.
The raids are part of a broader crackdown on financial crimes involving digital assets, with the ED seeking evidence that could substantiate charges of money laundering and fraud.
Authorities have not disclosed the identities of the premises or the exact nature of the seized material, stating that further details will be released as the investigation progresses.