Enforcement Directorate Probes Rs 113 Crore Cryptocurrency Fraud Involving Money Trade Coin
The Enforcement Directorate (ED) is investigating a cryptocurrency fraud involving Money Trade Coin (MTC), linked to a scam of approximately Rs 113.10 crore between August 2017 and April 2018. Following searches in Mumbai and Thane, the ED seized Rs 1 crore in cash and incriminating materials. Key accused Amit Lakhanpal reportedly fled to Dubai using a Caribbean passport under a false identity. The scam involved misleading investors with promises of high returns and government recognition, later halting withdrawals and trading.
First-hand measurement across 4 sources
We measured how 4 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (34/100). Lens Score 63/100.
Outlets measured: hindustantimes, indiatoday, indiatoday, freepressjournal. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (32–48/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
freepressjournal broke this story on 20 Aug, 04:27 pm. Other outlets followed.