Archive · 31 Dec 2025
ED Files Complaint in Rs 16.81 Crore Fake Crypto Scam
The Enforcement Directorate (ED) in Srinagar has filed a complaint about a big fake money scam.
Some people made a fake digital money called Emollient Coin and tricked many investors.
They promised to give back double the money invested in 10 months and also said they would give land.
But it was all a lie.
The ED found out that Naresh Gulia was the main person behind this scam.
He made a fake app for this scheme.
The ED has seized money and properties worth Rs 6 crore from the accused.
The court has asked the accused to appear on 28 February 2026.
The ED is still investigating to find more money and catch more people involved.
The ED filed a prosecution complaint in a Rs 16.81 crore fake cryptocurrency scam involving Emollient Coin.
Naresh Kumar alias Naresh Gulia, Attiul Rehman Mir, Ajay Kumar alias Ajay Kumar Choudhary, and Ramesh alias Ramesh Gulia are accused under the PMLA.
The scam promised investors high returns and land parcels, but it was a fraud.
The ED seized Rs 91 lakh in cash and attached 13 immovable properties and two bank accounts worth Rs 6 crore.
The Special Court, Srinagar, has issued a pre-cognizance notice to the accused for appearance on 28 February 2026.
- Who
- Naresh Kumar alias Naresh Gulia, Attiul Rehman Mir, Ajay Kumar alias Ajay Kumar Choudhary, Ramesh alias Ramesh Gulia
- What
- Fake cryptocurrency scam involving Emollient Coin
- When
- Prosecution complaint filed on Wednesday; court notice for 28 February 2026
- Where
- Srinagar, Jammu, Leh, Sonipat (Haryana), New Delhi
- Why
- To dupe investors by promising high returns and land parcels
- Amount Scammed
- Rs 16.81 crore
- Fake Cryptocurrency
- Emollient Coin
- Accused Individuals
- Naresh Kumar alias Naresh Gulia, Attiul Rehman Mir, Ajay Kumar alias Ajay Kumar Choudhary, Ramesh alias Ramesh Gulia
- Investigation Agency
- Enforcement Directorate (ED), Srinagar Zone
- Legal Action
- Prosecution complaint filed under PMLA
- Properties Attached
- 13 immovable properties and two bank accounts worth Rs 6 crore
- Cash Seized
- Rs 91 lakh
- Court Notice Date
- 28 February 2026