Indian ED Seizes Over 13.1 Million Rupees in Assets from Bitcoin Fraud Suspects

According to the official account (@dir_ed) of the Indian Enforcement Directorate (ED), the Dehradun zonal office further provisionally attached assets worth approximately 8.54 million rupees from Hemant Ishwar Sharma, suspected of Bitcoin investment fraud, on July 31, 2026, under the Prevention of Money Laundering Act, 2002 (PMLA). Sharma is accused of deceiving the public into investing in Bitcoin through his Iceland-registered website BTCFUND.IS, and the total amount attached in this case has currently reached approximately 13.1 million rupees. Sharma has been arrested by the ED and is currently detained in Dehradun Siddhowala Jail.