ED’s Chandigarh Zonal Office had raided 9 residential places in Ambala, Kurukshetra, Karnal and Chandigarh on 24 December 2025. This action was taken under PMLA in the case of fraud of crores of rupees through a fake company named Crypto World Trading Company.
What did ED find in the raid?
Many important documents and digital evidence have been recovered in the ED raid. Along with this, 18 bank accounts have been frozen in which suspicious amount of about Rs 22.38 lakh was found. Rs 4 lakh cash has also been seized from the spot. The investigation has also revealed immovable properties worth Rs 3 crore.
Investigation was started on the basis of Haryana Police’s FIR.
ED had started this investigation on the basis of FIR of Haryana Police. Vikas Kalra, Tarun Taneja, Kapil Kumar and Pawan Kumar have been made accused in this case…Investigation has revealed that these people together lured the common people to invest in Crypto World Trading Company by luring them with high profits and then embezzled their hard-earned money.
The accused had created a fake online platform
According to ED, the accused had created a fake online platform. Money was taken from investors and transferred to Crypto Wallets created on Binance. Later this money was transferred to the personal bank accounts of the accused, their family and close relatives.
Invested the fraud money in property
Investigation has also revealed that the accused used the money earned through fraud to buy property in the name of the family. ED says that further investigation is going on and the role of other people associated with this network is also being investigated.