PIONEER EDGE NEWS SERVICE /Dehradun
The Enforcement Directorate (ED) is reported to have conducted a raid at a house on Mohini Road in Dehradun in search of a fraud case accused. Sources said that Hemant Sharma, who owns the house, allegedly cheated many people in the name of Bitcoin investment. But he was not there when his house was raided.
A fraud case had already been registered against him at Dineshpur police station in Udham Singh Nagar district, sources said. Sharma allegedly convinced many people to invest large amounts of money by promising high returns through a website named btcfund.in. After collecting crores of rupees, he had reportedly shut down the website and stopped responding to investors.
Earlier in 2024, the ED had attached properties worth Rs 4.56 crore linked to Sharma under the Prevention of Money Laundering Act (PMLA). Justifying the act, the ED had said that the accused had trapped many investors with high return promises.
At that time, the ED had further said that it was examining more properties linked to the accused and his associates. The investigation is still ongoing and more details are expected to come out soon, sources said. Raids were also carried out in Roorkee and Delhi by the ED in this case.
