ED raids 11 places in Delhi-NCR and Dehradun in Rs 260 crore Global Cyber fraud case

ANI
06 Aug 2025, 11:33 GMT+10

New Delhi [India], August 6 (ANI): The Enforcement Directorate (ED) on Wednesday conducted search operations at 11 locations across Delhi, Noida, Gurugram, and Dehradun in connection with a massive global cyber fraud case involving Rs 260 crore illegal cryptocurrency transactions and international money laundering.

The investigation, launched under the provisions of the Prevention of Money Laundering Act (PMLA), is based on First Information Reports (FIRs) registered by the Central Bureau of Investigation (CBI) and Delhi Police.

Officials said the fraudsters targeted both Indian and foreign nationals by impersonating police officers or other law enforcement personnel.

'Victims were threatened with arrest and coerced into transferring their money,' said the officials.

In several instances, they said, the accused also posed as technical support agents from companies like Microsoft and Amazon, further deceiving individuals and gaining access to their funds.

'The ill-gotten gains were allegedly converted into cryptocurrencies, primarily Bitcoins, and then transferred to various accused individuals.'

ED investigations have so far revealed that the accused amassed over Rs 260 crore in the form of Bitcoins, which were stored in multiple crypto wallets.

'These digital assets were later liquidated into cash by converting them into USDTs (Tether) and funnelled through a network of hawala operators and individuals based in the United Arab Emirates,' the officials, privy to the development, told ANI.

Further investigation is underway to trace additional beneficiaries and recover the proceeds of crime. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

null in null

International

Section

Chinese independents ramp up Iraq oil bets amid contract shift

SINGAPORE/BAGHDAD: While global oil giants scale back operations in Iraq, a new group of players is quietly filling the gap. Independent...

Ireland’s President wants urgent action after hostage video emerges

DUBLIN, Ireland: President Michael D. Higgins has issued a strong condemnation after the release of footage showing the emaciated bodies...

India says it will keep buying Russian crude despite US threats

NEW DELHI, India: India has made it clear that it will continue purchasing crude oil from Russia despite escalating threats from U.S....

Elon Musk's engagement fuels rise of hard-right voices

ROME, Italy: Across Europe, and sometimes even the world, a growing number of hard-right politicians, activists, and online influencers...

NTSB probes visual limits in Black Hawk–airliner crash

WASHINGTON, D.C.: Night-vision goggles have come under scrutiny in the fatal midair collision between a U.S. Army Black Hawk helicopter...

Trump demands Fed board override ‘stubborn’ Powell on cuts

WASHINGTON, D.C.: On August 1, President Donald Trump escalated his feud with Federal Reserve Chair Jerome Powell, urging the central...

India

Section