The Enforcement Directorate (ED) has summoned Mohammed Nalapad, a Youth Congress leader and son of Karnataka MLA N.A. Harris, for the second time regarding the multi-crore bitcoin scam and alleged money laundering case. Nalapad was directed to appear for questioning on June 1 after missing the initial interrogation due to political commitments.
Allegations have surfaced about Nalapad’s connection with the alleged mastermind of the bitcoin scam, Srikrishna Ramesh, also known as “Sriki.” ED officials suspect that Nalapad had close ties with Sriki and assisted him by arranging luxury accommodations, which are now being investigated for potential money laundering activities.
During coordinated raids at the residences and offices of Nalapad, along with senior leader Rahim Khan and others, ED officials seized digital evidence and relevant documents. Nalapad, who had previously skipped an ED summons citing political engagements, may face legal action if concrete evidence of financial transactions with Sriki is established.
The ED’s investigation into the Karnataka bitcoin scam, involving cybercriminal Sriki and alleged cybercrime proceeds, has drawn attention for its connections to influential individuals, including politicians and businessmen. The case remains under scrutiny by multiple law enforcement agencies, including the Enforcement Directorate, due to its political implications and alleged financial crimes.
