Story perspectives

ED Seizes Rs 1.06 Cr, Traces Rs 45 Cr Global Media Scam

5/11/2026

Summary

Story summary

The Enforcement Directorate attached Rs 1.06 crore of assets under Prevention of Money Laundering Act in the Global Media App scam that sold “VIP membership” plans promising passive income from June 3 2022 to October 12 2022.
Investigators say the fraud generated Rs 45.33 crore, including Rs 2.45 crore taken as USDT on the TRON blockchain before moving abroad.
Authorities continue tracing Rs 44 crore of proceeds on overseas exchanges after finding mule bank accounts and Telegram channels in Cambodia and Malaysia.

History

Historical Context

On 8 November 2016 Prime Minister Narendra Modi ordered the demonetisation of INR500 and INR1,000 notes, a move the Reserve Bank of India later reported returned 86 % of the withdrawn currency within weeks. That large-scale cash crackdown set a precedent for today’s Enforcement Directorate, which has attached INR1.06 crore in the Global Media App crypto-laundering case and traced INR44 crore of digital assets.

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Story summary

The Enforcement Directorate attached Rs 1.06 crore of assets under Prevention of Money Laundering Act in the Global Media App scam that sold “VIP membership” plans promising passive income from June 3 2022 to October 12 2022.
Investigators say the fraud generated Rs 45.33 crore, including Rs 2.45 crore taken as USDT on the TRON blockchain before moving abroad.
Authorities continue tracing Rs 44 crore of proceeds on overseas exchanges after finding mule bank accounts and Telegram channels in Cambodia and Malaysia.

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