The Enforcement Directorate (ED) conducted its first-ever raids in the Union Territory of Ladakh as part of a money laundering investigation linked to a cryptocurrency fraud case involving over Rs 7 crore. The raids targeted six locations across Leh in Ladakh, Jammu in J&K, and Sonipat in Haryana, focusing on A.R. Mir and associates. Thousands of investors were defrauded by the fake cryptocurrency business 'Emollient Coin Limited,' which promised high returns but delivered none. The funds were allegedly laundered to purchase land assets in Jammu. Multiple FIRs filed in March 2020 sparked the investigation, revealing the operation's deceitful practices and leading to the sealing of the office involved.