Image used to represent | Photo credit: Reuters
The Enforcement Directorate (ED) has provisionally attached seven properties worth ₹11.26 crore linked to a person accused of running an illegal Noida-based call center involved in cyber fraud.
“The attached assets include residential properties registered in the name of Tushar Kharband and his family members in the National Capital Region of Delhi as well as in Dubai, United Arab Emirates,” the agency said.
The ED investigation is based on cases registered by the Central Bureau of Investigation and the Delhi Police against Mr. Kharbanda and others. It was alleged that members of the syndicate targeted foreign nationals by impersonating law enforcement officials and extorting huge sums of money from them under threat of arrest or freezing their bank accounts.
The funds were converted into cryptocurrencies and transferred to wallets allegedly controlled by Mr. Kharbanda.
According to the ED, Mr. Kharbanda, in conspiracy with his other accomplices, amassed over 351 bitcoins (currently worth ₹280 crore) in several crypto wallets. The proceeds were further converted to USDT and transferred to various wallets and conversational persons for fiat currency.
The agency alleged that the funds were routed from the UAE to India through a non-banking channel. Several properties were also purchased in the UAE, two of which are still registered in the name of the main accused and have been seized.
On August 6, the ED searched the premises associated with Mr. Kharbanda and his accomplices, which led to the discovery of properties located in the UAE and Noida. Cryptocurrencies worth ₹ 28.90 lakh as of September 9 were also attached.
Published – 19 Nov 2025 22:07 IST
