India, Sept. 24 -- New Delhi [India], September 24 (ANI) The Enforcement Directorate (ED) on Thursday said it has arrested two persons in connection with a Rs 146 crore money-laundering investigation into the alleged Hashpe cryptocurrency fraud case.

Syed Usman, alias Babu, and Dhamodharan Balachandran were arrested under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002. ED's Chennai Zonal Office-II arrested both the accused on September 22. They were produced before a special PMLA court, which granted them three days of judicial custody.

An ED investigation was initiated on the basis of a First Information Report (FIR) registered by the Puducherry Cyber Crime Police Station under various provisions of the Bharatiya Nya...