19.5 kg gold worth Rs 14.04 crore seized from cyber fraudster Punit Kumar in Faridabad, Haryana.

The Enforcement Directorate (ED) seized 19.5 kg of gold worth Rs 14.04 crore from a cyber fraudster, Punit Kumar, in Faridabad, Haryana. Kumar, arrested at IGI Airport, was found hiding proceeds of cybercrimes in his mother's locker. Investigations revealed a money laundering scheme involving foreign-based online gaming companies exploiting Indian residents, with Kumar and his associates engaging in hawala transactions worldwide.