ED Takes Major Action in Cyber Fraud Case, Raids Conducted at 11 Locations in Delhi, Gurugram and Dehradun

New Delhi (The Uttam Hindu): The Enforcement Directorate (ED) has taken a major action in the case of international cyber fraud. On Wednesday morning, the ED conducted searches at 11 places in Delhi-NCR and Uttarakhand's capital Dehradun. Cyber ​​thugs had cheated many foreign and Indian citizens by posing as police or investigating officers.

These raids are part of the ongoing investigation under the Prevention of Money Laundering Act (PMLA) based on FIRs filed by the Central Bureau of Investigation (CBI) and Delhi Police. Apart from Delhi, the ED conducted raids in Noida and Gurugram on Wednesday morning.

Initial investigation has revealed that fraudsters cheated Indian and foreign nationals by posing as officers of police or investigation agencies. These people were extorted a huge amount of money by threatening to arrest them. Apart from this, the accused also used to deceive people by posing as members of Microsoft or Amazon's technical support team and cheat them.

The victims' money was converted into cryptocurrency and then transferred to the accused. Investigation has revealed that the accused had deposited an amount of about Rs 260 crore in the form of bitcoins in different crypto wallets. These bitcoins were later converted into USDT (crypto token) and cash. This entire transaction was done through UAE-based hawala operators and other means.

At present, the investigation of the case is going on from the side of ED and the persons involved in these economic crimes are being identified and legal action is being taken.