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

TechFlow news, August 03, according to the official account (@dir_ed) of the Indian Enforcement Directorate (ED), the Dehradun Zonal Office once again provisionally attached assets worth approximately 8.54 million rupees against 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 defrauding the public into investing in Bitcoin through his Iceland-registered website BTCFUND.IS. Currently, the total amount attached in this case has reached approximately 13.1 million rupees. Sharma has been arrested by the ED and is currently detained at Dehradun Siddhowala Jail.