WazirX’s statement after ED raid, company’s business going on as usual

The Enforcement Directorate (ED) said on Friday that it has recently frozen a bank balance of Rs 64.67 crore by raiding a director of crypto exchange ‘WazirX’. Now it has been reiterated by WazirX that the operations of the company are going on as normal and the work related to the withdrawal of crypto and … Read more

ED investigating money laundering of Rs 2,790 crore against crypto exchange WazirX

Last month, the Enforcement Directorate (ED) sent summons to some crypto exchanges. The summons was issued for allegedly violating the rules of money laundering and foreign exchange. The exchanges whose names appeared included CoinDCX, WazirX and Coinswitch Kuber. Now Minister of State for Finance Pankaj Choudhary has said that the ED is probing the alleged … Read more

Vivo India accused of custom duty evasion of Rs 2,217 crore, DRI tightens noose after ED

Many Chinese companies doing business in India are adopting new avenues to avoid tax. Last month, information emerged that Chinese smartphone company Vivo had ‘illegally’ transferred Rs 62,476 crore to China to avoid paying taxes in the country. Now the Directorate of Revenue Intelligence (DRI) has said that Vivo Mobile India has evaded customs duty … Read more

ED Probing Crypto Exchange WazirX in 2 Cases

The Enforcement Directorate (ED) is probing an alleged money laundering of around Rs 2,790 crore through WazirX, one of the leading crypto exchanges. This information has been given in Rajya Sabha. Minister of State for Finance Pankaj Choudhary said in a written reply that the ED is probing two cases related to cryptocurrencies against this … Read more