Shimla, July 17 (IANS) The ED arrested three accused in connection with a cryptocurrency scam in which they defrauded over 2.4 lakh investors, including those in Himachal Pradesh, of nearly Rs 500 crore by promising high returns, an official said on Friday. The Directorate of Enforcement (ED), Shimla Sub-Zonal Office, arrested Milan Garg, Sukhdev Thakur, and Abhishek Sharma under Section 19(1) of the Prevention of Money Laundering Act (PMLA), 2002, said the ED official.The ED initiated an invest…
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Chennai, July 13 (IANS) The Directorate of Enforcement (ED) has conducted extensive search operations across Tamil Nadu, Kerala, and Srinagar as part of an ongoing money-laundering investigation linked to online investment fraud and fake “Work From Home” scams. The ED, in a statement, said the raids were carried out on July 10 and 11 under the Prevention of Money Laundering Act (PMLA), covering 19 locations, including 16 in Tamil Nadu, 2 in Kerala, and 1 in Srinagar. The investigation stems from…
New Delhi, July 13 (IANS) Pakistan’s top crypto regulator said digital assets should be assessed individually under Islamic law after meeting a prominent scholar whose recent fatwa broadly rejected purchases made with cryptocurrency, a new report has said.Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, said he held a “constructive discussion” with Mufti Taqi Usmani about the Sharia status of digital assets and that both agreed on the need to protect Pakistani…
Washington, July 7 (IANS) US President Donald Trump described cryptocurrency as a strategic industry that the United States must dominate, arguing that failure to embrace digital assets would allow China to seize the lead in one of the world’s fastest-growing financial sectors.Speaking at the White House during an event marking the launch of the Trump Accounts programme, Trump devoted an extended portion of his remarks to cryptocurrency and artificial intelligence, presenting both as critical to…
Washington, July 6 (IANS) US President Donald Trump on Monday strongly defended his administration’s embrace of cryptocurrency, arguing that the United States must remain the global leader in the sector or risk allowing China to dominate a rapidly expanding industry.Speaking during a White House event launching the “Trump Accounts” investment programme, Trump said his views on cryptocurrency had evolved over time and that digital assets had become a strategic priority for the United States.”I’m …
Islamabad, July 5 (IANS) Investigators in Pakistan probing the abduction and gangrape of two foreign women have begun examining a fresh line of investigation, as the suspicion is now centring on a possible cryptocurrency-related dispute behind the high-profile case, according to local media reports. Muhammad Raza Dar, one of the principal accused, is a relative of Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar. Some reports also suggest that Raza Dar is a grandson of Ishaq Dar.T…
New Delhi, July 3 (IANS) US President Donald Trump’s recent disclosure about his earnings after taking over the country’s top post clearly reveals that Pakistan has earned his goodwill by backing his crypto enterprise, but is it durable or even beneficial for the country?The figures that are now out in the public domain show that the Trump family earned a whopping $1.4 billion through the crypto route, which far exceeds the income from its main real estate business. World Liberty Financial, …
Saint Petersburg, July 1 (IANS) Russia’s Federal Security Service (FSB) said Wednesday that it had seized about 500 kg of cocaine concealed inside frozen tuna imported from Ecuador at the port of St. Petersburg. The cocaine was discovered in a cargo container carrying legally imported frozen whole tuna at a container terminal in the port, said the FSB.It said the shipment route is part of a trafficking net used to smuggle large quantities of cocaine from Latin America into Russia for distributio…
Washington, June 30 (IANS) A Chinese national has pleaded guilty in a US federal court to importing hundreds of kilograms of cocaine into the United States, laundering more than USD 22 million in drug proceeds and providing material support to the Mexican drug cartel ‘Cartel de Jalisco Nueva Generacion (CJNG)’, the Justice Department said on Tuesday.Wenshen Xu, 52, a Honduras-based Chinese national, admitted to conspiring to import cocaine into the United States, conspiring to launder proceeds f…
Jaipur, June 24 (IANS) Fresh leads have emerged in the investigation into Babita Dhakad alias Khadija, the alleged Jaish-e-Mohammed (JeM) sleeper-cell operative arrested by the Rajasthan Anti-Terrorist Squad (ATS) in Jaipur.During her seven-day custodial interrogation, investigators have uncovered several key leads, including suspected online radicalisation, attempts to recruit young women, and a possible honey-trap module targeting security personnel.According to sources familiar with the inves…