Indian authorities seize $1.2 million in land and crypto fraud case

India’s Directorate of Enforcement (ED), the country’s financial investigation agency, has provisionally seized properties and digital assets totalling approximately $1.2 million linked to an alleged land and crypto investment scam, according to a recent press release.

The seized assets include real estate valued at over $670,000 and crypto assets worth about $530,500, which investigators say were acquired using proceeds from alleged fraud.

The probe found that victims were allegedly lured by promises of high returns through fraudulent property sales and crypto schemes, generating estimated illegal proceeds of about $3.2 million.

Officials said the investigation is still ongoing.