The raids were part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), based on FIRs registered by the Central Bureau of Investigation (CBI) and Delhi Police.
New Delhi: In a major crackdown on international cyber fraud, the Enforcement Directorate (ED) on Tuesday carried out search operations at 11 locations across Delhi, Noida, Gurugram, and Dehradun, ANI reported, quoting officials.
The raids were part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), based on FIRs registered by the Central Bureau of Investigation (CBI) and Delhi Police.
Officials said the accused targeted both Indian and foreign nationals by posing as police or investigative officers, extorting money by threatening victims with arrest. In another scheme, the fraudsters allegedly impersonated Microsoft and Amazon tech support agents to gain remote access to victims’ systems and siphon off funds.
The extorted money was then converted into cryptocurrencies and routed to digital wallets controlled by the accused, the agency said.
The accused generated about Rs 260 crore in the form of Bitcoins in multiple crypto-wallets, which were further liquidated into cash through conversion into USDTs through multiple hawala operators and individuals based in the UAE, PTI reported, citing agency sources.
Subscribe to our Newsletter
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.
No Comment! Be the first one.