Cyber fraud case: The ED has filed a supplementary charge sheet in the Rouse Avenue Court on 28 March 2025 in a big scam related to cyber fraud and money laundering. So far, fake transactions of Rs 303 crore have been revealed in this case. The investigating agency had earlier filed a charge sheet on 25 January 2025 in the same case, on which the court took cognizance on 10 February 2025. Now investigating this case, the ED has filed a supplementary charge sheet against the evidence and the arrested accused, on which the court took cognizance on 2 April 2025.
The ED raided 13 locations in Rajasthan, Haryana, Delhi-NCR, Maharashtra and Telangana on 28 November 2024 in this case. In this raid, large quantities of digital evidence bank account details, crypto wallets, cash and other important documents were seized. After this, the matter was investigated and intensified, in which many important revelations related to money laundering and cyber fraud were made.
ED has arrested these 8 accused
- CA Ajay – Money Laundering and Fake Accounts Operations involved
- CA Vipin Yadav-Planned in transactions related to cyber fraud
- Crypto trader Jitendra Kaswan – Mastermind to convert fake money into cryptocurrency
- Crypto Treder Alladi Rajasai – Operations of Crypto Exchange and Money Transfer from Dubai
- Rakesh Karva – Important Member connected to Cyber Fraud Network
- Chhotu Singh Gurjar-Help in the money laundering and cash money laundering
- Mohit Singh – Included in fake bank accounts and transactions
- Kuldeep Singh – Helpful to operate fraud and money mule network
According to the ED, all these accused were part of the cyber fraud network spread across the country and were working on the instructions of a large organized criminal syndicate. The investigation revealed that this trap of cheating was being operated through Telegram Group. Members of these groups were associated with names like Jennifer, Alan, Tom, Tom-SUPPORT.
How used to be fraud according to ED charge sheet
People were contacted by luring fake investment schemes, betting and part-time jobs. The cheated amount was transferred to the bank accounts of Money Mules. These money would be further converted into cryptocurrency and sent to Dubai using platforms like PyyPl (UAE -based Fintech Company). From there the money was transferred back through cash or crypto wallets.
Clue found through pyypl platform
ED investigated the Financial Intelligence Unit (FIU) India and the Indian Cybercrime Coordination Center (i4C) and busted this organized cybercrime. ED has seized and attached several assets in this case, including Crypto Wallets of Rs 7 crore, Rs 7 crore. Property (temporarily attached under Section 5, PMLA), Rs 47 lakh cash seized.
Apart from this, the investigating agency has also seized laptops, iPads, smartphones, private crypto wallets, several bank accounts, check books and ATM cards, whose forensic investigation is going on. Investigation in this case of ED is still going on. There may be more revelations in this case in the coming days.
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