Bengaluru, 20/6: The Enforcement Directorate (ED) has frozen bank accounts containing around Rs 6 crore after conducting searches at six premises linked to five different Bengaluru-based companies in connection with alleged unauthorised cross-border transfer of money using Virtual Digital Assets (VDAs).
In a statement, the ED said its Bengaluru Zonal Office carried out searches under Section 37 of the Foreign Exchange Management Act (FEMA), 1999, on June 17 at premises belonging to M/s Transak Technology India Private Limited, M/s Carretx Technologies.
