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News Topical, Digital Desk : In a major crackdown in a global cyber fraud case, the Enforcement Directorate (ED) on Wednesday raided 11 locations in Delhi and three states.
This fraud is worth Rs 260 crore. In this case, the fraudsters have targeted foreign and Indian citizens. ED took this action under the Prevention of Money Laundering Act (PMLA) on the basis of FIR of Delhi Police and Central Bureau of Investigation (CBI).
Raids are being conducted in Noida (Uttar Pradesh), Gurugram (Haryana), Dehradun (Uttarakhand) and Delhi. The fraudsters had extorted money from people by posing as police or investigating officers and threatening them with arrest. Apart from this, they have also duped people by posing as tech support agents of Microsoft and Amazon.
Fraud through cryptocurrency
The fraudsters converted the victims' assets into cryptocurrency and then transferred it to several crypto-wallets. According to the ED, the accused collected bitcoins worth Rs 260 crore, which were later converted into USDT and cash through several hawala operators and individuals in the UAE.
Earlier, on June 26, the CBI conducted raids in Mumbai and Ahmedabad and arrested an important member of an international cyber fraud gang. This person's name is Prince Jashwantlal Anand. He is the mastermind of the racket which usually targets citizens of America and Canada.
Fake notices and threats of digital arrest
According to the CBI, this gang used to give fake legal threats by impersonating government officials and law enforcement agencies. On June 25, the ED raided Gujarat and Maharashtra in connection with a cyber fraud case of more than Rs 100 crore. Action was taken under PMLA in Ahmedabad, Surat and Mumbai.
The main accused in this case include Maqbool Doctor, Kashif Doctor, Basam Doctor, Mahesh Mafatlal Desai and Maj Abdul Rahim Nada. These people have looted people with tactics like fake enforcement notices, USDT crypto trading scams and threats of digital arrest.
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