ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud
1 month, 1 week ago

ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud

Live Mint  

The Enforcement Directorate has seized its biggest-ever cryptocurrency worth ₹1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where several depositors were duped in the name of securities investment. As per PTI, crypto worth ₹1,646 crore was seized and transferred into the agency's special crypto wallet, making it the biggest-ever seizure of virtual digital assets in a mega-money laundering investigation that is still ongoing. The agency also found during the probe that the founder of BitConnect, an unincorporated organisation, established “a worldwide network of promoters and rewarded them for promotional efforts by paying them commissions.” To "induce" investors to deposit funds in the form of cash and Bitcoins into the purported lending program, BitConnect represented, among other things, that it would deploy a purported proprietary "volatility software trading bot" that they claimed would use investor funds to generate returns as high as 40 per cent per month, the ED found. The promoters posted "fictitious" returns on the BitConnect web portal that amounted to an average of one per cent per day or about 3,700 per cent on an annualised basis.

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History of this topic

ED conducts searches across four States in SDPI case
Trending News
2 days, 12 hours ago

ED conducts searches across four States in SDPI case

The Hindu  

The Enforcement Directorate on Thursday conducted searches across four States in connection with the money-laundering charge allegedly involving the Social Democratic Party of India. Earlier this month, the agency searched 12 locations across 10 States in the case against the banned outfit, the Popular Front of India, days after the arrest of SDPI national president M.K. The ED has alleged …

Five booked for defrauding insurance officer of ₹34L in crypto, forex scam
5 days, 1 hour ago

Five booked for defrauding insurance officer of ₹34L in crypto, forex scam

Hindustan Times  

Mumbai: The Malad police have registered a case of fraud and embezzlement against five individuals accused of duping an insurance officer of ₹34 lakh by luring him into investing in cryptocurrency and forex trading. The accused, identified as Ravi Mahasheth, Dilip Malap, Mohammad Rafiq, Rajiv Singh, and Abhishek Sahu, allegedly operated a bogus investment scheme, defrauding multiple victims of crores …

Cybercrime probes focus on crypto transactions
1 week, 6 days ago

Cybercrime probes focus on crypto transactions

New Indian Express  

NEW DELHI: In a move to strengthen investigations into cases relating to cyber crime, the Union Ministry of Home Affairs has decided to ramp up its efforts to track increasing cryptocurrency transactions, particularly since 2020, as an analysis of the data available with the agencies revealed that criminals are directly or indirectly using the digital currencies to launder and take …

Police bust fake call centre running forex trading scam in Chunabhatti
2 weeks, 6 days ago

Police bust fake call centre running forex trading scam in Chunabhatti

Hindustan Times  

Mumbai: The police have uncovered a fraudulent call centre operating under the guise of forex trading, duping vulnerable citizens with promises of high returns. close up employee man hand touching handset of telephone on desk for contact customer or receiving call, hotline concept According to investigating officers, several complaints had been registered against online rackets persuading people that forex trading …

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records
2 weeks, 6 days ago

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records

India Today  

The Enforcement Directorate conducted raids on four premises linked to a Mumbai-based firm and its promoters in connection with a Rs 4,500 crore investment fraud case, in which approximately five lakh investors were duped, officials said on Monday. During the searches, various documents containing details of overseas assets currently being operated by family members of the main accused, the late …

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids
3 weeks, 2 days ago

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids

Op India  

The Enforcement Directorate seized cryptocurrency amounting to Rs 17.20 crore across multiple wallets during searches conducted at six locations in Haryana on Thursday, the agency said. The cryptocurrency, amounting to Rs 17.20 crore across multiple wallets, was owned and managed by one Mahesh Kumar and his associates, said the ED. “The search operations also resulted in the seizure of several …

GainBitcoin scam case: CBI seizes cryptocurrencies worth over Rs 23.94-crore
3 weeks, 3 days ago

GainBitcoin scam case: CBI seizes cryptocurrencies worth over Rs 23.94-crore

India Today  

The Central Bureau of Investigation has seized cryptocurrencies worth Rs 23.94 crore following two-day searches at more than 60 locations across five states in connection with the Rs 6,600-crore GainBitcoin scam case, officials said on Wednesday. "Following the nationwide searches conducted on February 25 and 26 in connection with the GainBitcoin cases, the Central Bureau of Investigation, using in-house capabilities, …

CBI seizes cryptocurrencies worth ₹23.94 crore in GainBitcoin scam
3 weeks, 3 days ago

CBI seizes cryptocurrencies worth ₹23.94 crore in GainBitcoin scam

The Hindu  

The Central Bureau of Investigation has seized cryptocurrencies worth ₹23.94 crore following searches at more than 60 locations across five States in connection with the ₹6,600-crore GainBitcoin scam case. During the searches, the Agency seized cryptocurrencies, multiple hardware crypto wallets, 121 documents, 34 laptops/hard disks, 12 mobile phones, and multiple email and instant messaging app dumps. “The seized documents and …

Torres fraud: Court allows ED to quiz four jailed accused
3 weeks, 4 days ago

Torres fraud: Court allows ED to quiz four jailed accused

Hindustan Times  

MUMBAI: A special PMLA court on Tuesday allowed the Enforcement Directorate to question four prime accused in the Torres Jewellery fraud lodged in two jails in the city. The four arrested accused, in judicial custody at the Byculla and Arthur Road jails, are Tausif Riyaz, Chief Executive Officer of Platinum Hern, the holding company of Torres Jewellery; Tazagul Xasatova; Valentina …

CBI raids 60 locations across India in bitcoin and crypto fraud case
3 weeks, 4 days ago

CBI raids 60 locations across India in bitcoin and crypto fraud case

Live Mint  

India's Central Bureau of Investigation raided 60 locations across India on Tuesday, February 25, in connection with a bitcoin and crypto fraud case, according to the official press release. The investigation agency conducted searches in major cities, including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru, among others, to identify individuals linked to the proceeds of the GainBitcoin scam. “Central …

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?
3 weeks, 5 days ago

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?

Live Mint  

In what is being described as the largest ever theft of cryptocurrency, Ethereum worth $1.5 billion was stolen by hackers from Dubai-based exchange Bybit last week. This exceeds the previous reported record of $620 million of Ethereum and USD Coin stolen from Ronin Network in 2022. Who carried out the latest heist is unknown, but Bybit has assured its users …

ED raids multiple cities in Rs 600 crore crypto scam case
3 weeks, 5 days ago

ED raids multiple cities in Rs 600 crore crypto scam case

New Indian Express  

NEW DELHI: The Enforcement Directorate has conducted raids in several cities, including Delhi, Jaipur, and Mumbai, under the Foreign Exchange Management Act in connection with a Rs 600 crore cryptocurrency conversion case. "When users entered the login credentials, the spoofed website would show it wrong and thus the users would contact the number given on the spoofed website which would …

ED conducts searches across three States in ₹600-crore cryptocurrencies conversion case
3 weeks, 5 days ago

ED conducts searches across three States in ₹600-crore cryptocurrencies conversion case

The Hindu  

The Enforcement Directorate has conducted searches in Delhi, Jaipur, and Mumbai, in connection with the alleged conversion of cryptocurrencies worth about ₹600 crore at various Indian crypto exchanges and subsequent transfer of funds to the beneficiaries. The ED probe is based on a newspaper report that an Indian national named Chirag Tomar was undergoing prison sentence in the United States …

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh
1 month ago

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh

The Hindu  

The cybercrime unit of Hyderabad police on Saturday arrested a fraudster who duped a person of ₹8.5 lakh in a cryptocurrency fraud through his digital trading platform. Ltd., under the guise of a legitimate trading platform through Bitcoin India Wallet and Exchange application and website. The case came to light when a 35-year-old resident of Jubilee Hills lodged a complaint …

Unrestricted banking data access fuels surge in online financial frauds: Central cyber intelligence agencies
1 month ago

Unrestricted banking data access fuels surge in online financial frauds: Central cyber intelligence agencies

New Indian Express  

NEW DELHI: A new disturbing trend has emerged posing a cyber security threat, as central cyber and intelligence agencies have flagged to the Union Ministry of Home Affairs that unrestricted access to critical banking data with bank employees and third-party vendors has directly been fuelling rampant online frauds and massive financial losses for people in the country, officials said on …

ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case
1 month ago

ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case

Deccan Chronicle  

The Enforcement Directorate has seized cryptocurrency worth Rs 1,646 crore during its ongoing investigation into the BitConnect cryptocurrency fraud. The seizure, which also includes Rs 13,50,500, an SUV, and several digital devices, follows searches conducted in Gujarat on February 11 and 15. The ED traced a complex network of crypto wallets involved in the transactions, many of which were linked …

Thiruvananthapuram City police launch probe into cybercrime
1 month, 1 week ago

Thiruvananthapuram City police launch probe into cybercrime

The Hindu  

The City Cyber police have launched an investigation into a case where an online scam led to a city resident being defrauded of ₹1.84 crore. The victim was reportedly tricked by scammers who posed as officials from the Telecom Regulatory Authority of India and falsely claimed that he was involved in a money laundering case. According to the police, the …

CBI conducts searches in Delhi and Haryana in cybercrime case
Trending News
1 month, 1 week ago

CBI conducts searches in Delhi and Haryana in cybercrime case

The Hindu  

The Central Bureau of Investigation has searched 11 locations in Delhi and neighbouring Haryana in connection with a cybercrime case, resulting in the seizure of ₹1.08 crore in cash, $1000, and 252 gm of gold.The Central Bureau of Investigation has searched 11 locations in Delhi and neighbouring Haryana in connection with a cybercrime case, resulting in the seizure of ₹1.08 …

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion
1 month, 1 week ago

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion

India Today  

The Enforcement Directorate on Saturday conducted search operations at 12 locations in Mumbai as part of an ongoing probe into an alleged bank fraud case involving Pushpak Bullion Pvt Ltd, its director Chandrakant Patel, Rialto Exim Pvt Ltd among others. Notably, the investigation carried out by the ED against Pushpak Bullion Pvt Ltd in 2022, also uncovered links between the …

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud
1 month, 1 week ago

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud

India Today  

The Enforcement Directorate has seized cryptocurrencies worth approximately Rs 1,646 crore in Ahmedabad, Gujarat, as part of its investigation into the massive BitConnect scam. The case revolves around Satish Kumbhani, the founder of the now-defunct crypto investment platform BitConnect, who has been under the scrutiny of the US Department of Justice for orchestrating one of the world's largest cryptocurrency frauds. …

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids
1 month, 1 week ago

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids

Live Mint  

The Enforcement Directorate has seized bank deposits worth ₹170 crore in a multi-state search against promoters of QFX Trade, an alleged fraudulent forex trading and deposit scheme, PTI reported. The ED said in a statement that it conducted multiple raids across locations in Delhi, Noida and Shamli in Uttar Pradesh and Rohtak in Haryana, during its investigations against QFX and …

ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform
1 month, 1 week ago

ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform

The Hindu  

The Enforcement Directorate on Thursday said it has frozen bank deposits worth ₹170 crore following recent searches against promoters of an alleged fraudulent forex trading and deposit scheme. The federal agency said in a statement that raids were launched on February 11 at various premises in Delhi, Noida and Shamli in Uttar Pradesh and Rohtak in Haryana as part of …

DGGI probe detects ₹1,196 crore fraudulent Input Tax Credit transactions
1 month, 1 week ago

DGGI probe detects ₹1,196 crore fraudulent Input Tax Credit transactions

The Hindu  

The Directorate General of GST Intelligence has unearthed fraudulent Input Tax Credit transactions amounting to ₹1,196 crore by exposing a network of bogus companies and arrested a person, as per an official release. The investigation showed that the accused had set up shell entities that generated fake invoices and e-way bills. The fraudulent network facilitated the availing and passing of …

ED’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached
1 month, 2 weeks ago

ED’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached

The Hindu  

From large tract of lands, residential premises and commercial properties, to bank accounts, overseas assets valued close to ₹16,000 crore across 16 foreign jurisdictions have been attached or frozen in the recent past by the Enforcement Directorate in more than 30 cases involving major business houses and prominent persons, including the founder and former chairman of Indian Premier League Lalit …

3 caught for hacking e-commerce sites, buying items worth Rs 7 crore for 'pennies'
1 month, 3 weeks ago

3 caught for hacking e-commerce sites, buying items worth Rs 7 crore for 'pennies'

India Today  

The Crime Branch of Ahmedabad Police has arrested three fraudsters who used to buy expensive products online just for a few pennies, sometimes none, by hacking e-commerce websites and changing the items' original prices, officials said on Friday. The accused committed online fraud with the help of de-bugging security-testing software and ordered around 125 products worth Rs 7 crore just …

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore
1 month, 3 weeks ago

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore

Hindustan Times  

The Enforcement Directorate has provisionally attached ₹5.58 crore worth of immovable properties and bank balances of Ludhiana Improvement Trust officials, including former chairperson Raman Bala Subramaniam, executive officer Kuljit Kaur, and others, under the Prevention of Money Laundering Act, 2002. The New Senior Secondary School Society, Sarabha Nagar, Ludhiana, has also been booked in the case. The ED had initiated …

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi
1 month, 3 weeks ago

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi

New Indian Express  

CHENNAI: Investigating a ‘digital arrest’ cyber scam case where a Chennai woman was defrauded of Rs 33 lakh, the Enforcement Directorate’s Chennai zone has arrested two masterminds in Kolkata and New Delhi while they were fleeing the country, an official release on Monday said. The agency said the duo played a key role in managing mule accounts, converting the illicit …

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam
1 month, 3 weeks ago

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam

Live Mint  

Paytm clarified on Friday, January 24, that it had not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the leading fintech major was among companies facing a probe over ongoing cryptocurrency scams. "We confirm that we have not received any such new notice, communication, or query from the ED regarding the matter mentioned …

CBI books seven accused for running organised cybercrime modules
1 month, 3 weeks ago

CBI books seven accused for running organised cybercrime modules

The Hindu  

The Central Bureau of Investigation has registered a case against seven persons who allegedly ran separate organised cybercrime modules from different parts of the country and cheated people of at least ₹350 crore. “They are also accused of promoting, promising, and disseminating false and deceptive information to entice investors into these unregulated deposit schemes, which operate without requisite approvals from …

Puducherry cybercrime cops crack network extorting money from loan app users
1 month, 3 weeks ago

Puducherry cybercrime cops crack network extorting money from loan app users

New Indian Express  

PUDUCHERRY: Puducherry Cyber Crime police have uncovered a major cyber fraud network that has allegedly extorted hundreds of crores of rupees from victims across India through instant loan applications, and arrested a Kerala man, who had Rs 10.65 crore credited to his bank accounts. The probe began in 2023 when Andrews, a resident of Puducherry, registered a complaint alleging he …

Paytm denies ED probe in crypto scam, calls reports 'factually incorrect'
1 month, 3 weeks ago

Paytm denies ED probe in crypto scam, calls reports 'factually incorrect'

India Today  

Digital payments firm Paytm has denied media reports that indicated it is being investigated by the Enforcement Directorate in connection with a Rs 2,200 crore cryptocurrency scam. In a stock exchange filing, the company said it had not received any new notice or communication from the ED and termed the reports as “factually incorrect and misleading.” A few media reports …

India's 'digital arrest' scammers stealing savings
2 months ago

India's 'digital arrest' scammers stealing savings

Hindustan Times  

Within five hours while sitting at home in India, retired professor Kamta Prasad Singh handed over his hard-earned savings to online fraudsters impersonating police. HT Image {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The cybercrime known as "digital arrest" where fraudsters pose online as law enforcement officials and order people to transfer huge amounts of money has become so rampant that Prime Minister …

NIA busts 'cyber slavery' racket, conducts raids in Delhi's Jamia Nagar
2 months, 2 weeks ago

NIA busts 'cyber slavery' racket, conducts raids in Delhi's Jamia Nagar

India TV News  

The National Investigation Agency on Sunday said it has conducted searches at the home of a recently arrested accused in Delhi's Jamia Nagar as part of its probe into a human trafficking and cyber slavery case. According to the probe agency, the case involves a criminal conspiracy by Kamran Haider and other accused persons engaged in sending vulnerable Indian youth …

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe
2 months, 2 weeks ago

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe

Hindustan Times  

Mumbai/New Delhi: The Enforcement Directorate has frozen immovable assets worth ₹5.4 crore as part of its investigation into a ₹4,957 crore bank fraud allegedly involving the private firm M/s Pratibha Industries Ltd. ED freezes ₹ 5.4 crore assets in ₹ 4,957 crore bank fraud probe The frozen assets include bank balances and mutual funds, according to agency sources. The ED’s …

ED Raids Online Lottery Trader's Shop, Home in West Bengal
2 months, 2 weeks ago

ED Raids Online Lottery Trader's Shop, Home in West Bengal

Deccan Chronicle  

Berhampore: The Enforcement Directorate raided and searched an online lottery businessman’s shop and house in Murshidabad of West Bengal on Thursday for his suspected links with crypto currency trade and an ongoing fraud in the name of ‘digital arrest’. At around 10 am on Thursday, five ED officers, escorted by armed central paramilitary forces in five cars, reached Barwan. They …

CBI files case against its officer in bribery case, Rs 55 lakh seized in raids
2 months, 3 weeks ago

CBI files case against its officer in bribery case, Rs 55 lakh seized in raids

India Today  

The Central Bureau of Investigation registered a case against one of its own Deputy Superintendents of Police, BM Meena, and others on charges of corruption. Investigators also seized property documents worth approximately Rs 1.78 crore and book entries reflecting transactions of Rs 1.63 crore. According to the First Information Report, Meena allegedly used middlemen to transfer bribe money through a …

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype
Trending News
2 months, 3 weeks ago

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype

Hindustan Times  

A Bengaluru software engineer, 39, from GKVK Layout, near Hebbal, recently became a victim of a digital arrest scam, losing a staggering ₹11.8 crore. Digital arrest of Ahmedabad man uncovers Taiwanese-linked racket: Police According to Times of India report, the incident, which unfolded between November 25 and December 12, was reported to the North-East Cybercrime, Economic offences, Narcotics police. The …

Software engineer in Bengaluru loses Rs 11.8 crore in digital arrest scam
3 months ago

Software engineer in Bengaluru loses Rs 11.8 crore in digital arrest scam

India Today  

A 39-year-old software engineer in Bengaluru lost Rs 11.8 crore in a "digital arrest" scam, after fraudsters impersonating police officers falsely accused him of being involved in money laundering. The caller alleged that his SIM card, linked to his Aadhaar card, had been used for illegal Soon after, the victim received another call from someone pretending to be a police …

3 cyber fraudsters pose as CBI officers, dupe Delhi family of ₹5 lakh
3 months ago

3 cyber fraudsters pose as CBI officers, dupe Delhi family of ₹5 lakh

Hindustan Times  

Three cyber fraudsters who duped a family of ₹5 lakh by posing as Central Bureau of Investigation officers have been arrested, police said on Friday. The fraudster alleged that their son was involved in a rape case and demanded ₹5 lakh for his release," Deputy Commissioner of Police Ankit Chauhan said. During interrogation, the accused men confessed to their crimes, …

ED raids nine locations in money laundering case linked to Spectra Industries
3 months ago

ED raids nine locations in money laundering case linked to Spectra Industries

India Today  

The Mumbai Zone of the Enforcement Directorate conducted search operations at nine places across Mumbai and Aurangabad in connection with a money laundering case involving bank fraud against Spectra Industries. The ED initiated an investigation in the case on the basis of an FIR registered by the Central Bureau of Investigation against Spectra Industries Limited, Jaidev Vinod Gupta, Sheela Vinod …

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts
3 months, 1 week ago

Gujarat police bust cyber fraud network, arrest eight as Rs 50 crore routed through 42 bank accounts

India TV News  

The Gujarat police have succeeded in exposing an elaborate so-called underground network that had run several accounts for parking cyber fraud money and arrested eight individuals. The inspection of 42 out of approximately 200 suspect bank accounts revealed an astonishing amount, which is around Rs 50 crore deposited from cyber scam victims. The admission of the principal accused in Ahmedabad …

Cyber fraud: Lucknow police recover, return ₹19 lakh to online scam victim
Trending News
3 months, 1 week ago

Cyber fraud: Lucknow police recover, return ₹19 lakh to online scam victim

Hindustan Times  

LUCKNOW The cybercrime cell of the Lucknow police on Saturday helped a state capital resident Amit Gupta get back ₹19 lakh out of ₹ 28.7 lakh that he lost in a cyber fraud on the promise of earning huge profits from trading in the stock market between May and July earlier this year. The cyber frauds, impersonating as representatives of …

ED seizes assets worth ₹3.9 crore in money laundering probe
3 months, 1 week ago

ED seizes assets worth ₹3.9 crore in money laundering probe

Hindustan Times  

Mumbai: The Enforcement Directorate has seized movable assets worth approximately ₹3.9 crore during searches in Mumbai, Delhi and Gurgaon as part of its money laundering investigation into Dentsu Communications India Private Limited and Suumaya Industries Ltd and their promoters. The agency's investigation stems from a Worli police case against the accused for allegedly embezzling ₹137 crore from certain non-banking financial …

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities
3 months, 1 week ago

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities

Hindustan Times  

MUMBAI: The Enforcement Directorate froze Proceeds of Crime worth ₹12.5 crore, in the form of bank balances, fixed deposits and mutual funds, as part of its money-laundering probe into an alleged multi-crore fraud against multiple investors on the pretext of doubling their investment through the app, HPZ Token, and online gaming and betting websites. Crypto currency scam: ED freezes ₹ …

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore
3 months, 2 weeks ago

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, on Friday searched seven premises in Ahmedabad and Mumbai, and seized ₹13.5 crore in cash. The search operation was conducted in connection with the Malegaon money laundering case in which the accused had allegedly misused accounts opened with the Nashik Merchant Co-operative Bank to withdraw ₹196 crore over five months. 295/2024 dated November 7, …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
3 months, 2 weeks ago

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore

New Indian Express  

HYDERABAD: The Directorate of Enforcement conducted raids between November 28 and 30 across 13 locations, including Hyderabad, and seized unaccounted cash worth Rs 47 lakh and USDT cryptocurrency worth Rs 1.36 crore. The investigation was initiated on two FIRs registered by CBI, Economic Offences Wing, Delhi, concerning Rs 640 crore in cyber fraud money generated through betting, gambling, part time …

Cyber crime case: CBI conducts searches in Delhi-NCR in connection with ₹117 crore fraud
3 months, 2 weeks ago

Cyber crime case: CBI conducts searches in Delhi-NCR in connection with ₹117 crore fraud

Live Mint  

The Central Bureau of Investigation conducted searches in 10 locations in Delhi and nearby areas on Wednesday related to transnational cyber fraud cases of around ₹117 crore, reported PTI, citing CBI officials. The CBI conducted the searches while investigating a case based on a complaint from the Union Home Ministry’s Cyber Crime Coordination Centre. In the searches conducted on Wednesday, …

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case
3 months, 2 weeks ago

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case

Deccan Chronicle  

New Delhi: Two chartered accountants and a cryptocurrency trader have been arrested here in a money laundering investigation linked to a cyber fraud case of Rs 640 crore, the Enforcement Directorate said Wednesday. The money laundering probe stems from two FIRs filed by the Economic Offences Wing of the Delhi Police that were registered to probe charges of cyber fraud …

CBI Searches 10 Locations in Delhi in Cyber Fraud Case
3 months, 2 weeks ago

CBI Searches 10 Locations in Delhi in Cyber Fraud Case

Deccan Chronicle  

New Delhi: The Central Bureau of Investigation today conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. The CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, …

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