ED raids cryptocurrency exchange WazirX director, freezes bank accounts worth Rs 64.47 crore

The Enforcement Directorate (ED) has raided a director of Zanmai Lab Pvt Ltd, the parent company of popular cryptocurrency exchange WazirX. The financial investigation agency has also issued an order to freeze his bank balance of Rs 64.47 crore.

The Enforcement Directorate (ED) has raided a director of Zanmai Lab Pvt Ltd, the parent company of popular cryptocurrency exchange WazirX.

The Enforcement Directorate (ED) has raided a director of Zanmai Lab Pvt Ltd, the parent company of popular cryptocurrency exchange WazirX. The financial investigation agency has also issued an order to freeze his bank balance of Rs 64.47 crore. The ED is probing money laundering against several Indian non-banking financial companies (NBFCs) and their fintech partners for violating RBI norms.

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