: ED freezes Rs 64-cr funds of crypto exchange WazirX #FinanceIndia #StockMarketNEWS #Business Press Trust of India New Delhi The Enforcement Directorate (ED) on Friday said it has frozen Rs 64.

@StockMarketNEWS Sun 07 Aug, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

ED freezes Rs 64-cr funds of crypto exchange WazirX #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

New Delhi

The Enforcement Directorate (ED) on Friday said it has frozen Rs 64. 67 crore worth bank deposits of one of India’s prominent crypto currency exchanges WazirX as part of an ongoing money laundering probe against some fraud smartphone-based loan dishing apps “backed by??? Chinese funds.

The federal agency said it conducted raids against Sameer Mhatre, a director of Zanmai Lab Pvt Ltd (which owns WazirX) on August 3 as he was not forthcoming with information being sought from him and was “non-cooperative???.

The ED issued a statement and said the exchange and its executives were “giving contradictory and ambiguous answers to evade oversight by Indian regulatory agenciep??????HY?[??H?ZY]??[?]H?[X????[?X???[?Y?[????Y[?8?'?Y]?H[?[??????Y?[?[H?[?H??[??H8?']??YX^[][H[[?[????[????^??^?[??H[?H??X??]??????Y]?H?Y[?]??Y?[??????ZY??[](????F?RTB?26?&vVBv??%???B?V7Bf?W"6?V?G2?bF?7????r????6??W&F?fR&V?f??W"F?Bf?&6VB?BF???Bv????F?R??fW7F?vF???v??7BF?R?V?6R?b??7F?B???2????????'2gB?FB?27&VFVBvV"?bw&VV?V?G2v?F?7&?vFf?&R??2?U4?&???6R?6????6??G2???WGF?FR?FB6??v?&RF?( ??'67W&^(?F?R?v?W'6???bF?R7'?F?W?6??vR?v??%????B??VvVB???( ?F?V?"??v??rF?&V7F?"?"??66??6?WGG??B6???VBF?Bv??%??2???F??W?6??vRv??6?6??G&??2??F?R7'?F??7'?F??B??"?7'?F?G&?67F???2?B????2???B&VfW&V?F??w&VV?V?Bv?F?&???6R?(?????( ?'WB??r?????6???2F?BF?W?&R??f??fVB???????"?7'?F?G&?67F???2??B??F?R?F?W"G&?67F???2&RF??R'?&???6R??v??%??(?F?RTB6?B????B6?Bv??%?v?&?2g&??6??VB?&6VB6?gGv&R?u2?V?&???B??V????VW2v?&?g&?????R?BF?R&Vv?7FW&VB?ff?6R?2Gv?6??"6?v?&???r76R???( ???7'?F??7'?F?G&?67F???2&R6??G&???VB'?&???6R?v??6??2v??v?F??WB?????v??ff?6R??????v?V????VR?B&&V?&W7??G2F?VW&?W2???Vv?&???6R?6???(?F?RTB6?B???F?RvV?7???VvVBF?BFW7?FRv?f??r&WVFVB??'GV??F?W2?v??%?( ?f??VBF?v?fRF?R7'?F?G&?67F???2?bF?R7W7V7Bf??FV6?6????W2?B&WfV?F?R??2?bF?Rv??WG2?(?????( ???7B?bF?RG&?67F???2&R??B&V6?&FVB??F?R&??6?6????6??(??B6?B???v??%???f?&?VBF?B&??"F??V?##?F?W?F?B??BWfV?&V6?&BF?RFWF??2?bF?R&??66?V?Bg&??v??6?gV?G2vW&R6???r??F?F?RW?6??vRF?W&6?6R7'?F?76WG2?BF?B????6?6?FG&W72fW&?f?6F???v2F??R?F?RTB6?B