Indian authorities arrest three in a ₹640 crore cyber fraud case involving betting and phishing scams.

The Enforcement Directorate (ED) in India has arrested two chartered accountants and a cryptocurrency trader in connection with a ₹640 crore cyber fraud case. The fraud, involving betting, gambling, and phishing scams, used over 5,000 bank accounts to launder money through a UAE-based payment platform. The ED seized cryptocurrency worth ₹1.36 crore and cash amounting to ₹47 lakh during searches across multiple cities.

December 04, 2024
47 Articles