The Enforcement Directorate action links Juneja to the Korvio Coin, or KRO, case, which the source describes as a ₹500 crore crypto Ponzi scheme.
India’s Enforcement Directorate, or ED (financial crime investigation agency), has arrested Masoom Juneja in connection with the ₹500 crore Korvio Coin, or KRO, case. The source characterizes the matter as a crypto Ponzi scheme, indicating allegations that investor funds were raised through a fraudulent structure that typically relies on new deposits to pay earlier participants rather than sustainable underlying returns.