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British musician <keyword id="19900290" type="General" weightage="20" keywordseo="ed-sheeran" source="keywords">Ed Sheeran</keyword> is bringing his Mathematics Tour back to India in 2025 with performances planned in six cities, the organisers announced on Friday. The announcement comes after a sold-out show in Mumbai in March this year, where Sheeran promised fans he would return soon to the country. Delivering on the promise, the musician is set to embark on his most expansive tour of the country to date, beginning in Pune on January 30 at Yash Lawns, followed by Hyderabad on February 2 at Ramoji Film City, Chennai on February 5 at YMCA Ground, and Bengaluru on February 8 at NICE Grounds. Sheeran, 33, will then perform in Shillong on February 12 at JN Stadium before concluding in Delhi NCR on February 15 at Leisure Valley Ground. The <keyword id="24221668" type="General" weightage="20" keywordseo="Mathematics-Tour-2025" source="Orion">Mathematics Tour 2025</keyword> in India is promoted by AEG Presents Asia and <keyword id="20583251" type="General" weightage="20" keywordseo="BookMyShow-Live" source="keywords" meta.keywordsubtype="org" meta.entityname="BookMyShow Live" meta.hostid="261" meta.entityid="BookMyShow Live">BookMyShow Live</keyword>, the live entertainment experiential division of BookMyShow. Each performance promises an intimate experience with the British artist in his purest form armed with only his guitar and Loopstation. "The 2025 India tour promises to deliver an intimate and electrifying concert experience, focusing on close-up performances that showcase Sheeran's raw talent and deep connection with his fans. A more traditional stage design will complement Sheeran's captivating storytelling front and centre, highlighting his soulful vocals, acoustic brilliance and heartfelt lyrics," said the organisers. Tickets for the tour will be available on BookMyShow and Sheeran's official website. The tour will draw from all of his albums since 2011, starting with "Plus", "Multiply" (2014), "Divide" (2017), "Equals" (2021) and "Subtract" (2023). The tour also includes a song from 2019's "No. 6 Collaborations Project" ("Blow"). Sheeran had first performed in Mumbai in 2015 and had returned to the city with another performance in 2017.

Ed Sheeran announces six-city India tour for 2025!

Gandhinagar: The <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords" meta.keywordsubtype="org" meta.entityname="Enforcement Directorate" meta.hostid="83" meta.entityid="Enforcement Directorate">Enforcement Directorate</keyword> on Thursday conducted multi-city searches in Gujarat in connection with a <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword> case linked to a GST "fraud" in which eight people, including a journalist, were arrested recently by the state police, official sources said. About 23 premises in cities of Rajkot, Junagadh, Ahmedabad, Bhavnagar and Veraval were being raided by the federal agency after a case was filed under the Prevention of Money Laundering Act (PMLA), the sources said. Premises linked to arrested journalist <keyword id="23517167" type="General" weightage="20" keywordseo="Mahesh-Langa" source="keywords">Mahesh Langa</keyword>, who works with <keyword id="21256671" type="General" weightage="20" keywordseo="The-Hindu" source="keywords" meta.keywordsubtype="org" meta.entityname="The Hindu" meta.hostid="83" meta.entityid="The Hindu">The Hindu</keyword> newspaper, were also being covered. The money laundering case stems from an FIR of the Ahmedabad Police Crime Branch. The city Crime Branch registered the FIR against several persons and entities after getting a complaint from the Central GST over an alleged scam involving shell firms set up to defraud the government through <keyword id="23577822" type="General" weightage="20" keywordseo="bogus-input-tax-credits" source="keywords">bogus input tax credits</keyword> and fraudulent transactions. Langa along with seven others was arrested after the Central GST found some suspicious transactions in bogus firms floated in the name of his wife and father using forged documents. After the registration of the FIR, the Crime Branch and Gujarat's Economic Offences Wing raided 14 locations across the state, including in Ahmedabad, Junagadh, Surat, Kheda and Bhavnagar. According to the Crime Branch, more than 200 fraudulently created firms worked across the country in an organised manner to defraud the government exchequer by availing bogus input tax credits and forged documents and identities were used to create these firms for tax evasion.

ED conducts raids in Gujarat in GST fraud case

Actor <keyword id="19897962" type="General" weightage="100" keywordseo="Tamannaah-Bhatia" source="keywords">Tamannaah Bhatia</keyword>, who made waves with her recent cameo in Stree 2, is in the news again — but for a very unexpected reason this time. The actor was questioned by the <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords" meta.keywordsubtype="org" meta.entityname="Enforcement Directorate" meta.hostid="261" meta.entityid="Enforcement Directorate">Enforcement Directorate</keyword> (ED) in Guwahati on Thursday in connection with a high-profile <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword> case involving the ‘<keyword id="19984854" type="General" weightage="20" keywordseo="HPZ-Token" source="keywords">HPZ Token</keyword>’ mobile app, where several investors were allegedly duped on the pretext of <keyword id="23296351" type="General" weightage="20" keywordseo="cryptocurrency-mining" source="keywords">cryptocurrency mining</keyword>. The 34-year-old actor’s statement was recorded under the <keyword id="19912399" type="General" weightage="20" keywordseo="Prevention-of-Money-Laundering-Act" source="keywords">Prevention of Money Laundering Act</keyword> (PMLA), according to the Press Trust of India (PTI). Bhatia allegedly received payments for making a "<keyword id="23595308" type="General" weightage="20" keywordseo="celebrity-appearance" source="keywords">celebrity appearance</keyword>" at an event linked to the app, though there were no incriminating charges against her. Initially called for questioning earlier, she deferred the summons due to professional commitments but appeared on Thursday, as per PTI. The money laundering probe is tied to an FIR filed by the <keyword id="21156024" type="General" weightage="20" keywordseo="cyber-crimes-unit" source="keywords">cyber crimes unit</keyword> of Kohima Police, where several accused were booked under the Indian Penal Code and Information Technology Act. The app in question, 'HPZ Token,' was reportedly used to deceive investors by promising hefty returns on Bitcoin and other cryptocurrency mining. For an investment of ₹57,000, investors were promised returns of ₹4,000 per day for three months, but payments were halted after the first round, and fresh funds were solicited. The ED’s investigation uncovered 299 entities involved, including 76 Chinese-controlled entities, accused of creating "shell entities" to launder funds. The agency seized assets worth ₹455 crore following searches across the country. This case is part of a broader crackdown on fraudulent online schemes and <keyword id="20454123" type="General" weightage="20" keywordseo="illegal-betting" source="keywords">illegal betting</keyword> tied to cryptocurrency investments. (With inputs from sources)

Why is actor Tamannaah Bhatia being questioned by the ED for a money laundering case?

In a world where <keyword id="6355231" type="General" weightage="100" keywordseo="sex" source="Orion">sex</keyword> sells, it seems like no one’s buying what’s on the menu. Digital <keyword id="23098292" type="General" weightage="20" keywordseo="sex-ed" source="keywords">sex-ed</keyword> platform Beducated asked 1,885 people to spill the tea on their sex lives, and the results are in: we’re craving more, but getting terribly less. In fact, one of the most surprising takeaways was that a whopping 60% of respondents admitted they were either “neutral,” “dissatisfied,” or “very dissatisfied” with their sex lives. <h2>What do men and women want?</h2>While both men and women are equally satisfied — or dissatisfied — with their sex lives, what they wanted differed. For one, a fifth of the people noted that they had mismatched sex drives. And this trend only gets worse as the relationship progresses. By the fifth year, nearly 40% of the men noted feeling like their partners had a lower <keyword id="20579599" type="General" weightage="20" keywordseo="libido" source="keywords">libido</keyword> than theirs. Meanwhile, 25% of the women rated their libido as “low” or “nonexistent”, which is a horrifying two times as many men. A vast majority of women also would like to work on their confidence in the bedroom. <div type="Article" hostid="261" msid="112440419" title="Can sex really boost your lifespan? A new study says yes, but mostly for women" mstype="2" mssubtype="0"></div>However, things turn slightly more interesting when it comes to managing sex and <keyword id="19983121" type="General" weightage="20" keywordseo="stress" source="keywords">stress</keyword>. While most respondents called stress a sex-killer, it seems to affect a great deal more women than men — 75% versus the men’s 50%. The study’s author explains this trend due to the different types of stress both genders face in their day-to-day lives. “Men are feeling the heat from work stress, which, for the most part, they can shake off once they clock out,” explains Mariah Freya, the co-founder of Beducated. “Women, on the other hand, are grappling with more financial stress, which could be explained by the gender pay gap, a higher likelihood of single parenthood, or the fact that mothers are more likely to work part-time than their male peers. There’s also more family stress, which makes sense since women still shoulder the bulk of caregiving and housework.” While most respondents of the study hailed from developed countries such as the United States, Canada and the UK, similar problems of <keyword id="20141659" type="General" weightage="20" keywordseo="gender-inequality" source="keywords">gender inequality</keyword> persist in even developing nations. One respondent even detailed how stress manifested physically, causing vaginal dryness and heightened irritability. Another shared how stress-induced fatigue made it impossible to muster the energy for <keyword id="20055610" type="General" weightage="20" keywordseo="intimacy" source="keywords">intimacy</keyword>. And yes, there is the persisting <keyword id="23098293" type="General" weightage="20" keywordseo="orgasm-gap" source="keywords">orgasm gap</keyword>. Despite numerous conversations around <keyword id="20612873" type="General" weightage="20" keywordseo="sexual-wellness" source="keywords">sexual wellness</keyword> and equality, Beducated’s survey showed that the orgasm gap persists. A large number of women are still reporting lower levels of satisfaction compared to men, with many admitting that their sexual encounters lack the climax they crave. <h2>More sex, but what’s the point?</h2>It is perhaps unsurprising that most people want to have more sex. Despite the fact that 57% reported the need for more consistent sexual experiences, the data found that a large number of them were already having pretty regular sex. So, is the problem actually that they weren’t having enough sex, or is it that the sex simply isn’t fulfilling enough? “Sexual satisfaction doesn’t just come with regular sex, it also requires deep intimacy and a strong connection,” Freya notes. “It would be interesting to know how fulfilling those sexual encounters truly are.” <div type="Article" hostid="261" msid="112193514" title="Why have the Paris Olympics 2024 athletes been given over 2 lakh condoms?" mstype="2" mssubtype="0"></div>However, some issues were common across the board. Nearly all of respondents said they wished either they or their partner would be more communicative about their sexual needs. <h2>Solution is more communication, less stress, and... gym time?</h2>The survey points to clear solutions — better communication, less stress, and never stopping the learning process when it comes to intimacy. Freya emphasised that sexual education shouldn’t end in adolescence — adults need to learn how to communicate their needs, explore their sexuality, and prioritise pleasure. Interestingly, a few respondents also highlighted <keyword id="20053428" type="General" weightage="20" keywordseo="physical-activity" source="keywords">physical activity</keyword> as a libido booster. In fact, as per the report, those who exercised were 22% likelier to report being “satisfied” or “very satisfied” with their sex lives, with many noting that their daily workouts helps increase their sexual confidence by heaps! With 60% of people stuck in what can only be described as a sexual rut, the survey paints a picture of intimacy that is far from rosy. The good news is that there’s nearly always room for improvement.

A sex-ed company interviewed nearly 2,000 people about their sex lives. Their findings were alarming

Actor <keyword id="19915080" type="General" weightage="100" keywordseo="Shilpa-Shetty" source="keywords">Shilpa Shetty</keyword> and her businessman husband <keyword id="19895826" type="General" weightage="20" keywordseo="Raj-Kundra" source="keywords">Raj Kundra</keyword> have moved the <keyword id="19905533" type="General" weightage="20" keywordseo="Bombay-High-Court" source="keywords" meta.keywordsubtype="org" meta.entityname="Bombay High Court" meta.hostid="153" meta.entityid="Bombay High Court">Bombay High Court</keyword> challenging ED's notices directing them to vacate their house in Mumbai's <keyword id="19933318" type="General" weightage="20" keywordseo="Juhu" source="keywords">Juhu</keyword> area and a farmhouse in Pune in connection with a money-laundering case. The pleas came up for hearing on Wednesday before a division bench of Justices Revati Mohite Dere and Prithviraj Chavan. The court issued notice to the <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords" meta.keywordsubtype="org" meta.entityname="Enforcement Directorate" meta.hostid="153" meta.entityid="Enforcement Directorate">Enforcement Directorate</keyword> (ED) and posted the matter for hearing on Thursday. Their petitions challenge ED notices dated September 27 issued to Shetty and Kundra directing them to evict their residential premises here and a farmhouse in Pune within ten days in connection with a money-laundering case linked to an alleged <keyword id="23486542" type="General" weightage="20" keywordseo="Bitcoin-fraud" source="keywords">Bitcoin fraud</keyword>. The couple's advocate Prashant Patil said that Shetty and Kundra received the <keyword id="20675198" type="General" weightage="20" keywordseo="eviction-notices" source="keywords">eviction notices</keyword> only on October 3. He termed the notices arbitrary and illegal and sought them to be quashed. According to the pleas, there is no grave urgency for the petitioners to vacate their premises and that the issuance of such eviction notices was uncalled for. "The petitioners are also seeking relief on humanitarian grounds as the premise in question is their residential premise in which they have been staying with their family of six members for almost two decades," the petitions said. The pleas also sought HC to stay the effect of the eviction notices. As per the pleas, the ED had in 2018 lodged a complaint against one <keyword id="21346793" type="General" weightage="20" keywordseo="amit-bhardwaj" source="keywords">Amit Bhardwaj</keyword> and others for an alleged Bitcoin fraud and on charges of <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword>. Both Shetty and her husband have not been named as accused in the case. The ED, during its probe, had summoned Kundra for questioning on several occasions. Kundra had appeared before the agency after each summons, the pleas said. In April 2024, Shetty and Kundra received a notice based on an order passed by the ED provisionally attaching their assets including their residential premise in Juhu that had been purchased by Kundra's father in 2009. Both Shetty and Kundra submitted their response to the notice. "However, in contravention to the provisions of law, the adjudicating authority confirmed the provisional attachment order on September 18, 2024. This order clearly states that the attachment is confirmed only till the conclusion of trial and is subject to its outcome," the pleas said. "The petitioners (Shetty and Kundra) on October 3 received two notices dated September 27, 2024, directing them to vacate their residential premises and the farmhouse," the petitions said. The petitions said no eviction order/notice can be issued prior to conviction. The pleas added that their residential premise has no connection with the scheduled offence or any proceeds of crime. The petitions further claimed that Kundra had absolutely no connection with the alleged fraud.

Shilpa Shetty and Raj Kundra's money laundering case takes new turn as they challenge the ED's eviction notices

New Delhi: The <keyword id="19895345" type="General" weightage="20" keywordseo="supreme-court" source="keywords">Supreme Court</keyword> on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the <keyword id="19916400" type="General" weightage="20" keywordseo="nclat" source="keywords">NCLAT</keyword>, which had stayed insolvency proceedings against ed-tech firm BYJU's and approved its Rs 158.9 crore dues settlement with the <keyword id="19901245" type="General" weightage="20" keywordseo="bcci" source="keywords">BCCI</keyword>. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case. The plea was mentioned by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest. The submission was supported by Solicitor General Tushar Mehta, appearing for the BCCI, and senior lawyer Abhishek Singhvi, also appearing for the ed-tech firm. Kaul said another plea in the case has also been filed and that is listed for hearing on September 17 and hence, the present plea be either heard on that day or the hearings in both the cases be advanced to this Friday. "We will hear both the pleas on September 17," the CJI said. Senior advocate Shayam Divan, appearing for the US-based creditor, said let the matters be heard together on September 17. Earlier on August 22, the bench had refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against the embattled ed-tech firm. It had listed the plea for a final hearing on August 27. The bench had said the developments, which may take place in the meantime, can be negated if it finds there was no merit in the appeal of the US-based creditor against the judgment of appellate insolvency tribunal NCLAT. The plea was mentioned earlier also on August 20 by Byju's and the BCCI and the top court had then also refused to pass an interim order to restrain the Insolvency Resolution Professional (IRP) from constituting a committee of creditors (CoC) in the insolvency proceedings against the ed-tech firm. In a major setback to Byju's, the top court had on August 14 stayed the verdict of NCLAT, setting aside the insolvency proceedings against the ed-tech major and approving its Rs 158.9 crore dues settlement with the Indian cricket board. The August 2 verdict of the NCLAT had come as a huge relief for Byju's as it had effectively put its founder Byju Raveendran back in control. The top court, however, had prima facie termed the NCLAT verdict as "unconscionable" and stayed its operation while issuing notices to Byju's and others on the appeal of the ed-tech firm's US-based creditor against the judgment of the insolvency appellate tribunal. The case stemmed from Byju's default on a Rs 158.9 crore payment related to a sponsorship deal with the BCCI. The top court had directed the BCCI to keep a sum of Rs 158 crore it had received from Byju's after a settlement in a separate escrow account till further orders. "Issue notice. Pending further orders there shall be a stay of the impugned order of August 2 of NCLAT. In the meantime, BCCI shall maintain the amount of Rs 158 crore, which shall be realised in pursuance of a settlement, in a separate escrow account until further orders," the bench had said. The NCLAT had approved the Rs 158.9 crore dues settlement with the BCCI and set aside the insolvency proceedings against Byju's. Byju's had entered into a "Team Sponsor Agreement" with the BCCI in 2019. Under the agreement, the ed-tech firm got exclusive rights to display its brand on the Indian cricket team's kit and some other benefits. Byju's had to pay a sponsorship fee. The company met its obligations till the middle of 2022 but defaulted on subsequent payments of Rs 158.9 crore. After insolvency proceedings were initiated, Byju's entered into a settlement with the BCCI. On July 16, the Bengaluru bench of the <keyword id="19902197" type="General" weightage="20" keywordseo="national-company-law-tribunal" source="keywords">National Company Law Tribunal</keyword> (NCLT) had admitted 'Think and Learn', Byju's parent company, to the insolvency resolution process on a plea filed by the BCCI over default in payment of outstanding dues of almost Rs 158.9 crore. While suspending the board of the ed-tech firm, the NCLT had appointed an interim resolution professional to run the operations of the company, suspended the company's board of directors, and brought it under moratorium by freezing its assets. The US-based lenders suspected that the settlement amount was being diverted from the credit they had extended to Byju's.

SC to hear plea related to insolvency proceedings against ed-tech firm Byju's on Sept 17

<ul class="summary-list"><li>The stock market runs a bigger risk of an unsustainable melt-up, according to Ed Yardeni.</li><li>The market veteran thinks steep rate cuts risk overheating the already-strong US economy.</li></ul>Stocks run the risk of seeing an unsustainable, dot-com style melt-up, thanks to the Federal Reserve's recent rate cut, according to market veteran Ed Yardeni.Speaking to <a target="_blank" href="https://www.youtube.com/watch?v=nu9voEhlEfk">Bloomberg</a> on Monday, the Yardeni Research president pointed to the effects of central bankers cutting rates 50 basis points at last week's policy meeting. That move sparked a rally in stocks to fresh records —but it's also raised the odds of a stock market melt-up, he said, meaning investors are now facing the risk of an <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-crash-opposite-scenario-meltup-risk-fed-rate-cuts-2024-5">unsustainable market boom</a>.Yardeni estimated that the odds of such a meltdown have been raised from 20% to 30%. He previously predicted that <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-melt-up-1990s-record-highs-interest-rate-cuts-2024-1">such a scenario</a> could end in a swift decline in stock prices, similar to the <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-crash-dot-com-bubble-similarities-ai-nvidia-roberts-2024-6">internet bubble</a> several decades ago."I raised the odds of an outright melt-up, like something we had in the 1990s," Yardeni said. "I think that by cutting rates by 50 basis points and by indicating they want to do more, based on some of the recent comments, they risk overheating a warm economy. The economy's doing quite well."Fed rate cuts are expected to loosen financial conditions, but the economy is already on solid footing, Yardeni said, pointing to strength in the job market and overall economic activity. <a target="_blank" class="" href="https://fred.stlouisfed.org/series/ICSA">Jobless claims</a> ticked lower last week, with just 219,000 new Americans claiming unemployment benefits, according to the Labor Department. The unemployment rate has edged up slightly this year but is still low at 4.2%. Meanwhile, <a target="_blank" href="https://www.atlantafed.org/cqer/research/gdpnow">GDP is expected to grow 2.9%</a> over the third quarter, per the latest Atlanta Fed GDPNow reading, about the same pace it grew <a target="_blank" href="https://www.businessinsider.com/gdp-gross-domestic-product-second-quarter-2024-us-economy-2024-7">the prior quarter</a>.And while inflation has cooled from its highs several years ago, it is still a risk, Yardeni noted. His warning echoes other financial commentators, who have noted that <a target="_blank" href="https://www.businessinsider.com/us-debt-problem-explained-deficit-gdp-inflation-economy-interest-rates-2024-4">rising debt levels</a>, <a target="_blank" href="https://www.businessinsider.com/us-china-trade-war-tariffs-inflation-outlook-trump-biden-rogoff-2024-7">geopolitical tensions</a>, and other pressures could eventually spark a <a target="_blank" href="https://www.businessinsider.com/high-prices-inflation-sticking-interest-rate-hikes-stock-market-2024-5">resurgence of high inflation.</a>Fed governor Michelle Bowman, the only FOMC member who dissented with the Fed's 50 basis point cut last week, said she was worried markets would interpret the policy move as a "<a target="_blank" href="https://www.businessinsider.com/federal-reserve-dissent-michelle-bowman-inflation-big-rate-cut-2024-9">premature declaration of victory</a>" over inflation. Central bankers haven't reached their 2% inflation goal yet, she added, urging policymakers to take caution in lowering rates."If they get to overheat the economy and get to create a bubble in the stock market, yeah they're creating some issues," Yardeni added. "I'm concerned that they're just completely ignoring what's right ahead of us here, which is a presidential election, and either candidate does policies that are likely to be inflationary and load the deficit again."

The stock market rally risks sparking an unsustainable 'melt-up' as the economy overheats, market vet Ed Yardeni says      

In its first ever raids in the Union Territory of <keyword id="19905190" type="General" weightage="20" keywordseo="Ladakh" source="keywords">Ladakh</keyword>, the <keyword id="19895344" type="General" weightage="20" keywordseo="Enforcement-Directorate" source="keywords" meta.keywordsubtype="org" meta.entityname="Enforcement Directorate" meta.hostid="261" meta.entityid="Enforcement Directorate">Enforcement Directorate</keyword> on Friday conducted searches as part of its <keyword id="19899231" type="General" weightage="20" keywordseo="money-laundering" source="keywords">money laundering</keyword> probe linked to a cryptocurrency fraud case in which investors lost more than Rs 7 crore worth of deposits, officials said. The agency's zonal office here raided at least six premises in Leh town of Ladakh, Jammu in J-K and Sonipat in Haryana in the case against A R Mir and others. It is alleged that 2,508 investors deposited more than Rs 7.34 crore in a fake cryptocurrency business in the name of "<keyword id="22638371" type="General" weightage="20" keywordseo="Emollient-Coin-Limited" source="keywords" meta.keywordsubtype="org" meta.entityname="Emollient Coin Limited" meta.hostid="261" meta.entityid="Emollient Coin Limited">Emollient Coin Limited</keyword>". They, however, did not get any returns or currency back, and these funds were laundered by the business' promoters to purchase land assets in Jammu. The money laundering case stems from a March 2020 FIR registered in Leh and some other complaints filed in the Union Territory (UT) of Jammu and Kashmir (J-K) against Mir and Ajay Kumar Choudhary. Police in Leh in their FIR stated that an inquiry was conducted by a committee formed by the local district magistrate against Mir and his agents who were running the "fake" cryptocurrency business (Emollient Coin Limited) from a office located at the Anjuman Moin-Ul-complex, opposite SNM Hospital, in Leh. The committee sealed this office during inquiry on charges of "cheating many innocent individuals by assuring them to double their investment", according to the FIR. The accused lured people of the UT of Ladakh and some other places to purchase "Emollient Coin" using cash or transferring money into bank accounts, according to Enforcement Directorate (ED) officials. The depositors were also duped in the name of "Bitcoins" with the assurance of returns up to 40 per cent with a lock-in period of 10 months, the probe agency said. Investors were dished out a commission of up to seven per cent of the investment made by the people on their reference in the business, thereby forming a multi-level marketing chain, the ED found. A total of 2,508 people invested Rs 7,34,36,267 in the investment plan offered by Mir and the company (Emollient) floated by him that was incorporated in September 2017 and had its registered office in London. A man, Henry Maxwell, living in the UK capital, was its director. The company had two promoters in India -- Naresh Gullia and Channi Singh. The company was "deliberately" dissolved in March 2019, and Mir along with Choudhary launched a real estate business and acquired lands in Jammu from the funds generated by the fake cryptocurrency trade, according to the ED. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms" target="_blank">Ola Electric IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-phone-2a-plus-with-dimensity-7350-pro-chipset-launched-in-india-starting-at-29999/articleshow/112164963.cms" target="_blank">Nothing Phone (2a) Plus with Dimensity 7350 Pro chipset launched in India starting at ₹29,999</a><a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/indian-smartphone-shipments-decline-by-2-in-q2-2024-xiaomi-retakes-the-throne/articleshow/112162312.cms" target="_blank">Indian smartphone shipments decline by 2% in Q2 2024, Xiaomi retakes the throne</a>

You Searched For "ED" and got 8 results

Ed Sheeran announces six-city India tour for 2025!

PTI

ED conducts raids in Gujarat in GST fraud case

PTI

Why is actor Tamannaah Bhatia being questioned by the ED for a money laundering case?

BI India Bureau

A sex-ed company interviewed nearly 2,000 people about their sex lives. Their findings were alarming

Ankush Banerjee

Shilpa Shetty and Raj Kundra's money laundering case takes new turn as they challenge the ED's eviction notices

PTI

SC to hear plea related to insolvency proceedings against ed-tech firm Byju's on Sept 17

PTI

The stock market rally risks sparking an unsustainable 'melt-up' as the economy overheats, market vet Ed Yardeni says

Jennifer Sor

ED undertakes first-ever searches in Ladakh in crypto fraud case

PTI

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