Lakshy Vij, accused in the famous international cyber fraud of hundreds of crores and money laundering case, has been regular bail from Rouse Avenue Court. The court has given relief to the jailed Vij for five months despite the strict objections and serious allegations of the ED. & NBSP; Special Judge Gaurav Rao ordered the accused to be released on bail of private bond of Rs 5 lakh and equal amount. Also, Vij has been instructed to submit his passport to the court.
Bail after 5 months of custody & nbsp;
accused Lakshi Vij was arrested in July 2024. He was in judicial custody for more than five months. However, during this period, the court ruled to grant bail keeping in mind the factors like his medical condition, long detention and not starting trial.
ED’s arguments did not make effective
Enforcement Directorate (ED) argued in the court that the network of accused Lakshy Vij is spread globally and he can tamper with evidence. The agency also said that the accused is the mastermind of the money laundering scheme by opening dozens of bank accounts on fake identity. According to the ED, the network run by the accused Vij made an American citizen named Lisa Roth a victim of cyber fraud and manipulated his crores of rupees.
Lisa Roth Scam, High Tech Fraud’s Inside Story
This is a case of a high-tech cybercrime in which the victim American Lisa Roth was targeted. According to the ED, Lisa’s laptop was first hacked and a fake alert number was flash on her screen. When Lisa called that number, the answer on the other side described himself as an officer of Microsoft. Lisa was assured that her investment account is not safe. He was advised to have his money "Safe" Transfer to the account. Lisa sent money to Occoin Crypto account as per the accused. After a few weeks, when he checked the account, all the money was missing. The ED has alleged that the same amount was transferred to many fake accounts and rotated through hawala network in other countries including India.
Vij has been levied earlier. His bail petitions were rejected in August and December 2024. In February 2025, he withdrew his petition from the High Court and turned to the trial court and finally he got relief.
On which conditions the court provided bail?
submission of passport court is mandatory. Full ban on leaving the country. Cooperation has to be done in the investigation. Can not contact any witness. It is mandatory to be present in every appearance on the call of the court,
How did a game of Rs 500 crore take place?
According to the Enforcement Directorate, about 500 crore rupees were transferred to dummy companies and fake accounts within a year. These accounts were operated by Vij and his colleagues. Through the hawala network and crypto transactions, the money was rotated in many layers, so that the real source could be hidden.
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