CHANDIGARH: The Enforcement Directorate (ED) on Sunday claimed to have recovered Rs 1 crore in raids carried out in Sonipat and other places in connection with a fake cryptocurrency scam. ED sleuths from its Srinagar zonal office conducted search operations at six locations — Leh, Jammu and Sonipat — under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The scam was promoted by Naresh Gulia, a resident of Sonipat, through a company named Emollient Coin Ltd, which was incorporated in September 2017. The business was further promoted in Leh by Ajay Kumar Chaudhary, in Jammu by Charanjeet Singh Chunni, and in Leh by Attiul Rehman Mir. They would promise to double people’s investment in 10 months. ED initiated an investigation on the basis of an FIR registered by J&K Police under Section 420 of IPC against Mir and others. We also published the following articles recently Crypto fraud: ED seizes Rs 1-cr cash after raids in Leh, other places Leh-Ladakh region sees first-ever ED search Explained: How higher-than-usual temperatures are grounding flights at Leh