The investigation revealed contravention of FEMA through unauthorised cross-border money transfer, unauthorised crypto balances in foreign platforms amounting to more than Rs 4,600 crore. Bengaluru: Acting against illegal cross-border remittances using crypto/stable coins, the Enforcement Directorate (ED) conducted search operations at four premises in Bengaluru and Madhya Pradesh involved in contraventions of the Foreign Exchange Management Act (FEMA), 1999, amounting to more than $40 million, an official said on Thursday.