India’s Enforcement Directorate arrests Masoom Juneja in ₹500 crore Korvio Coin crypto Ponzi probe
first published 2026-06-15T15:27:03Z
India’s Enforcement Directorate has expanded an investigation into an alleged crypto MLM fraud tied to Vijay Juneja and Masoom Juneja. Authorities say Subhash Sharma and associates defrauded more than 2.48 lakh investors of over ₹500 crore by moving illicit funds through bank accounts, converting them into cryptocurrency, and using the proceeds to buy properties. The ED says it will continue tracing the money trail and take action under PMLA.
AI Analysis
The article describes an alleged crypto Ponzi scheme, arrests, and an ongoing money-trail investigation under PMLA. These are strongly negative facts for the named coin and indicate potentially material enforcement action.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
