Business · India Bureau
ED arrests two in ₹400-crore cyber fraud network probe
The Enforcement Directorate has arrested two individuals as part of a sprawling investigation into a cyber fraud operation that allegedly defrauded victims of approximately ₹400 crore. The ED's money laundering probe has uncovered evidence related to over 600 cyber complaints across multiple states.
LSN India ·
The Enforcement Directorate's investigation, initiated under the Prevention of Money Laundering Act (PMLA), has yielded arrests in connection with a large-scale cyber fraud network. The two arrested individuals are being questioned regarding their alleged involvement in the criminal enterprise that targeted numerous victims across India.
The ED's probe stems from multiple First Information Reports (FIRs) filed with law enforcement agencies in Telangana, Tamil Nadu, Karnataka, and West Bengal. These cases, registered over an extended period, allege systematic cyber fraud operations that resulted in substantial financial losses to victims.
Investigators have documented over 600 complaints related to the fraud network, indicating the widespread nature of the criminal scheme. The recovery of evidence linking the arrested individuals to the fraudulent transactions has strengthened the ED's case under anti-money laundering provisions.
The multi-state nature of the investigation underscores the complexity of cyber fraud operations, which often exploit digital infrastructure to target victims across regional boundaries. The ED's intervention indicates that authorities are treating the matter as part of organized financial crime involving the laundering of proceeds.