ED Conducts Raids in Bitcoin Money Laundering Inquiry: Congress Ties Under Investigation
Synopsis
In a dramatic escalation of the Bitcoin-linked money laundering investigation, the ED has raided 12 locations in Karnataka, spotlighting Congress leaders. This unfolding story reveals potential links to high-profile figures and raises questions about illicit financial practices.
Key Takeaways
ED Raids: Conducted at 12 locations in Karnataka.
Political Connections: Allegations involve Congress leaders.
Investigation Origin: Triggered by multiple FIRs from Karnataka Police.
Nature of Crimes: Hacking, Bitcoin theft, and extortion.
Future Actions: Ongoing examination of seized documents and further inquiries.
Bengaluru, April 20 (NationPress) In a major turn of events concerning the alleged Bitcoin-related money laundering case, the Enforcement Directorate (ED) executed search operations on Monday, shedding light on potential connections to Congress officials.
Raids targeted the homes of Congress MLA, N.A. Haris, and his son, Mohammed Nalapad, who is the State President of Karnataka Pradesh Youth Congress, in Bengaluru. This action coincides with the agency's investigation into a broader network that includes hacker Srikrishna, also known as Sriki, among other suspects.
As per official reports, the ED carried out its searches under the Prevention of Money Laundering Act (PMLA) at 12 locations throughout Karnataka, supported by personnel from the Central Reserve Police Force (CRPF).
The case originates from several FIRs and chargesheets lodged by the Karnataka Police, which allege that those involved hacked national and international websites, engaged in Bitcoin theft, extortion, and violated the Narcotic Drugs and Psychotropic Substances Act (NDPS).
The agency's inquiry has uncovered a purported modus operandi that includes hacking websites and cryptocurrency wallets to pilfer Virtual Digital Assets (VDAs), which were then allegedly funneled through crypto trading platforms. The illicit gains were reportedly layered through bank accounts to obscure their source.
During the raids, ED officials also inspected the residence of Aqeeb Khan, the grandson of former Union Minister K. Rahman Khan, whose uncle, Mansoor Ali Khan, represented Bangalore Central in the Lok Sabha. The ED claims Aqeeb Khan is a direct recipient of the proceeds of criminal activity.
Earlier that day, ED teams searched N.A. Haris's residence in Ashok Nagar and the home of his son, Mohammed Nalapad. These actions are reportedly tied to alleged associations between Nalapad and Srikrishna, with the ED previously claiming that illegal transactions amounting to Rs 4.5 crore occurred between the two.
Mohammed Nalapad was also previously questioned by the State CID regarding the Bitcoin case. Officials indicated that the examination of confiscated documents is ongoing and that further investigations are underway. An official statement from the ED is anticipated soon, with more information expected to surface.
Point of View
The ongoing investigation highlights serious allegations of money laundering and financial misconduct involving political figures. The ED's actions underscore the importance of accountability and transparency in public life, as the nation watches closely for further developments.
NationPress
6 Aug 2026
Frequently Asked Questions
What triggered the ED's investigation into the Bitcoin case?
The investigation was initiated following multiple FIRs and chargesheets filed by the Karnataka Police alleging hacking, Bitcoin theft, and other financial crimes.
Who are the key figures involved in this case?
Key figures include Congress MLA N.A. Haris, his son Mohammed Nalapad, and the hacker Srikrishna, among others.
What actions did the ED take during the raids?
The ED conducted searches at 12 locations across Karnataka, including the residences of prominent Congress leaders, under the Prevention of Money Laundering Act.
What are the allegations against the individuals involved?
Allegations include hacking national and international websites, stealing bitcoins, extortion, and violations of the Narcotic Drugs and Psychotropic Substances Act.
What is the next step in the ED's investigation?
The ED is currently reviewing seized documents and continuing its investigation, with an official statement expected soon.
