According to the official account of India’s Enforcement Directorate (@dir_ed), the Dehradun regional office temporarily seized assets worth approximately ₹8.54 million on July 31, 2026, under the Prevention of Money Laundering Act (PMLA), 2002, targeting Hemant Ishwar Sharma, who is suspected of orchestrating a Bitcoin investment scam. Sharma is accused of deceiving the public into investing in Bitcoin through his Iceland-registered website, BTCFUND.IS. The total assets seized in this case now amount to approximately ₹13.1 million. Hemant Ishwar Sharma has been arrested by India’s Enforcement Directorate and is currently detained at Siddhowala Jail in Dehradun.
India's ED Seizes 13.1 Million Rupees in Assets from Hemant Ishwar Sharma
AiCoinShare
Summary
India's Enforcement Directorate (ED) has seized assets worth 13.1 million rupees from Hemant Ishwar Sharma, including 8.54 million rupees on August 31, 2026, under the PMLA. Sharma is accused of operating a fraudulent Bitcoin investment scheme through BTCFUND.IS. The case has become part of real-world assets (RWA) news, as the ED continues to monitor illicit on-chain activity and financial flows. Sharma is currently in custody at Siddhowala Jail in Dehradun.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.