ED Raids After Dineshpur Complaint, Probes Hemant Sharma Crypto Scam and Tracks Victims’ Money Trail Across Cities
The Enforcement Directorate carried out raids in a Bitcoin fraud case across Dehradun, Delhi, and Roorkee. The raid was conducted on April 23 as part of an ongoing investigation into a major cryptocurrency scam across India.
Officials said the case is linked to Hemant Mohan Sharma. He allegedly cheated many people by offering fake cryptocurrency investment plans. These plans promised high returns in a short time. A complaint filed at the Dineshpur police station led to the initiation of the case.
ED Conducts Raids at Multiple Locations
ED teams searched Sharma’s house on Mohini Road in Dehradun. Officers checked documents, bank details, and digital records. Raids also took place at other locations connected to him in Delhi and Roorkee.
The agency had earlier attached properties worth about Rs 4 crore linked to Sharma. Officials said this step is part of the action taken under money laundering laws. More steps may follow after the review of all documents.
Investigation Focuses on Victims and Money Trail
Many people lost money in this Bitcoin fraud case. Authorities are now trying to find all the victims. They are also checking how much money was taken through the scam.
Officials warned people to stay careful while investing in cryptocurrency. Fraudsters often use such schemes to attract people by showing big profits. These offers look real but carry a high risk.
The investigation is also looking into money laundering. Officers are tracking where the money went after people invested. They are checking digital wallets and other financial links.
Similar Cases Raise Concerns
This case is not the only one. The ED recently carried out raids in Karnataka in another Bitcoin fraud case. That probe also showed how digital currency can be used to hide illegal money.
In that case, several people came under investigation. The main accused, Srikrishna, also known as Sriki, was linked to the movement of funds through cryptocurrency.
Officials now see a pattern in such cases. Fraudsters use cryptocurrency because it allows fast transfers. It also makes it harder to track the money.
The ED continues to study all records in the current case. Teams are working to find more people involved and trace the full money trail. The agency is also trying to recover funds for victims.
Authorities again asked people to stay alert. They said any scheme that promises fixed or very high returns should raise doubts.
The raids in Dehradun, Delhi, and Roorkee show that action against cryptocurrency scam and money laundering cases is getting stronger. The investigation is still ongoing.
