According to the official account of India’s Enforcement Directorate (@dir_ed), the Dehradun Regional Office provisionally 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 a Bitcoin investment scam. Sharma is accused of deceiving the public into investing in Bitcoin through his Iceland-registered website, BTCFUND.IS. The total seized amount in this case has now reached approximately ₹13.1 million. Sharma has been arrested by the ED and is currently detained at Siddhowala Jail in Dehradun.
India's ED Seizes Over 13.1 Million Rupees in Assets from Bitcoin Fraud Suspect
TechFlowShare
Summary
On July 31, 2026, India’s Enforcement Directorate seized over 13.1 million rupees in assets from Hemant Ishwar Sharma, a suspect linked to Bitcoin news. The ED temporarily froze 8.54 million rupees in assets connected to Sharma, who operated the BTCFUND.IS website. Sharma is accused of orchestrating a Bitcoin investment scam and is currently detained in Dehradun. The investigation involves real-world assets (RWA) as authorities trace illicit funds.
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