Maharashtra Bitcoin Scam: ED Raids Premises of Gaurav Mehta in Cryptocurrency Transactions

Official sources said 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 searches are being conducted as part of an ongoing money laundering probe.

The sources 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).

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The BJP has accused NCP leader and Baramati MP Supriya Sule and Congress leader Nana Patole of allegedly using 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.

ED is conducting raids at the premises of Gaurav Mehta in connection with a ₹235 crore Bitcoin scam in Raipur, Chhattisgarh. More details are awaited. pic.twitter.com/92RQXNvbAG

— IANS (@ians_india) November 20, 2024

Polling for the 288-member Maharashtra Assembly is taking place on Wednesday. Sources 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.