India, Aug. 22 -- The Enforcement Directorate's (ED) money laundering probe into an alleged Rs.113.10-crore crypto-based investment fraud revealed that a key accused, AM Lakhanpal, exited India and has been living in Dubai after acquiring an Antigua and Barbuda passport under a fake identity, agency officials said on Thursday.

ED's probe is based on a case registered by the Thane City police against several accused, including Lakhanpal, TH Qazi, SV Shelar, and KB Shirsath. In this case, it was alleged that an unrecognised cryptocurrency, Money Trade Coin (MTC), was created and a large number of investors were fraudulently induced to invest, resulting in a fraud of around Rs.113.10 crore.

Earlier, on August 12, the ED searched several lo...