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

PermabullPete · 2026-01-14T15:20:11+00:00

Indian authorities have seized $1.2 million in assets, including real estate and cryptocurrency, linked to a fraudulent land and investment scam that reportedly generated $3.2 million from victims. The investigation is ongoing.

PermabullPete

2026-01-14 15:20:11

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Source: CryptoBriefing Original Title: Indian authorities seize $1.2 million in land and crypto fraud case Original Link:

Key Takeaways

Authorities in India have moved to seize assets worth $1.2 million in a money laundering case.
Properties seized include land, a flat, and crypto assets.

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.

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.

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rekt_but_vibing

· 01-14 15:50

Here comes another story of getting caught while trying to harvest the little guys; India is also starting to crack down heavily.

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blockBoy

· 01-14 15:46

The Indian government is now starting to crack down on crypto assets. While $1.2 million is not a huge amount, it's not insignificant either, but this signal is quite interesting.

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MerkleTreeHugger

· 01-14 15:44

India's crackdown is impressive; they are finally taking crypto scams seriously.

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FlashLoanLord

· 01-14 15:24

India is starting to raid again, and 1.2 million dollars are gone just like that? Why bring up real estate now?

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