The accused allegedly enticed people in Ladakh and other areas to purchase "Emollient Coin" using cash or bank transfers, ED officials said. Depositors were also deceived with promises of up to 40 per cent returns with a lock-in period of 10 months, the probe agency added.

Raj Kundra and his associates are accused of amassing a staggering Rs 6,600 crore in Bitcoins from investors in 2017, luring them with promises of 10% monthly returns, purportedly for Bitcoin mining operations, yet leaving investors empty-handed.