Ed found that the victims were converted into cryptocurrencies and transferred to the accused. File
Directorate for enforcement on Wednesday (August 6, 2025) carried out searches in multiple premises in the region of the capital and Uttarakhand as part of the money laundering probe associated with the global ring of cyber fraud, in which Indian and foreign nationals were cheated on Crores Rupes.
The raids are carried out according to the Act on the Prevention of Money Layers (PMLA) and cover at least 11 spaces based in Delhi, Noida, Grrabogram and Dehradun, the sources said.
The fraudsters based in these cities “cheated” Indian and foreign nationals by issuing for the police or investigating officers of the agency and “blackmailing” money by threatening them with the consequences of arrests, they said.
The fraudsters also went to see how Microsoft and Amazon Technical Support agents “cheated” the victims.
The agency found that the victims were converted into cryptocurrencies and transferred to the accused.
The accused generated the RS 260 Crore in the form of bitcoins in more crypto-pits, which were further disposed of into cash by converted into USDT through several Hawal operators and individuals based in SAE, according to agency sources.
The case of money laundering stems from the company registered by CBI and the police in Delhi.
Published – August 2025 12:10
