<h1>Enforcement Directorate raids Gujarat and Maharashtra over Rs 100 crore cryptocurrency fraud and hawala operations</h1> The Enforcement Directorate conducted raids in Gujarat and Maharashtra as part of a money laundering investigation involving cyber fraud. The case stems from a Gujarat Police FIR against multiple accused individuals who allegedly defrauded the public through fake cryptocurrency trading, digital arrests, and threatening fake law enforcement notices. The fraudsters collected money in bank accounts using dummy KYC documents or forged documents, then converted funds to cryptocurrency through hawala operators. Authorities suspect over Rs 100 crore was transferred abroad through these illegal activities.