Enforcement Directorate Conducted Raids In Ladakh For Emollient Coin Scam

Enforcement Directorate (ED) conducts raids for the Emoillent Coin case in Ladakh. A lot of people purchased the coin. However, they did not receive any returns or currency. ED conducted the raid for the first time in Ladakh. Emoillent Coin is a currency that has been going on for a long time. People from different countries are buying the coin. However, they are facing difficulties because of not getting any return.

ED Conducts Raid In Ladakh For Emoillent Coin

ED conducts raid in Ladakh for Emoillent coin scam. The raid was conducted under the provisions of the Public Money Laundering Act (PMLA) to investigate the case. Everyone is curious to know more about the details of the case. ED investigated six premises. The main locations of the cases are Leh in Ladakh, Jammu in J-K, and Sonipat in Haryana. Many people who invested their money filed an FIR against the coin. People invested their money in a scam.

The Emollient coin was a cryptocurrency scam. The company named ”The Emollient Coin Limited” started on 28 September 2017. It registered its office in London. It showed Mr Naresh Gullia and Mr Channi Singh as the promoters of the company. The ED conducted the raid for the first time. Leh Ladakh is a place where no one thinks of raiding. However, the cases increased after the FIR for the Emollient Coin increased. They were working from a location near SNM Hospital, Leh.

Enforcement Directorate mentioned that it is their first-ever raid in Leh and Ladakh. The fake currency cases are rising every day. It leads to a lot of confusion among the people about which currency is real vs which is bogus. In conclusion, the ED conducted a raid in Ladakh. The raid was for the cryptocurrency case. It was known as Emoillent Coin and was a fake currency. Anyone who brought the currency never received any returns or coins in their account.

Thus, it points out the fakeness of the coin. Many people filed an FIR to get their money back. However, they did not receive anything. The Additional District Magistrate, Leh, received an FIR on 5 March 2020. They also acquired different lands in the country. The FIRs are going on. There will be more details about the same later as the case proceeds. We hope you get enough details about the ED raid in Ladakh. Stay tuned for more information on our website.