Quick Summary
In a significant operation against financial frauds, the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) have uncovered a massive Rs 640-crore cyber scam targeting individuals through fake job offers, phishing, and illegal betting activities. The case, which has sent shockwaves through the financial world, is being described as one of the largest of its kind in recent times. The CBI initiated the investigation following a formal complaint from the Ministry of Home Aff
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FAQ :
The cyber fraud involves a total of Rs 640 crore.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are jointly investigating the cyber fraud.
Individuals were targeted through fake job offers, phishing, and illegal betting activities, often lured by promises of part-time jobs or high investment returns.
Two chartered accountants, Ajay and Vipin Yadav, and a crypto trader, Jitendra Kasw, have been arrested under PMLA provisions. The main accused, CA Ashok Kumar Sharma, is also under investigation.
During the raids, incriminating documents, chequebooks, ATM cards, digital signatures, Rs 47 lakh in cash, and cryptocurrency assets worth Rs 1.36 crore were recovered. Several bank accounts have also been frozen.
The defrauded money was transferred overseas through various methods, including ATM withdrawals and fintech wallet top-ups on platforms like UAE-based Pyypl.
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