What Led to the ED Raids at 11 Locations in a Global Cyber Fraud Case?
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Synopsis
In a significant crackdown, the Enforcement Directorate has launched raids across 11 locations in a massive cyber fraud case involving Rs 260 crore. This operation underlines the growing threat of cybercrime, where criminals impersonate officials to exploit victims. Dive into the details of this unfolding story as authorities step up their fight against these sophisticated scams.
Key Takeaways
- ED conducted raids at 11 locations.
- Cyber fraud case involves Rs 260 crore.
- Impersonation tactics used by fraudsters.
- Victims' money converted to cryptocurrencies.
- Criminals exploited both Indian and foreign nationals.
New Delhi, Aug 6 (NationPress) The Enforcement Directorate (ED) executed simultaneous raids at 11 locations across the national capital and three other states as part of an investigation into a global cyber fraud case amounting to Rs 260 crore.
The actions were taken under the Prevention of Money Laundering Act, following FIRs filed by the Delhi Police and the Central Bureau of Investigation.
Areas targeted included Noida (Uttar Pradesh), Gurugram (Haryana), Dehradun (Uttarakhand), and Delhi.
The fraud perpetrators deceived both foreign and Indian citizens by impersonating law enforcement officials, extorting funds through threats of arrest.
Additionally, the culprits masqueraded as tech support agents from Microsoft or Amazon, tricking victims out of their money.
Victims' funds were converted into cryptocurrencies, which were then transferred to the accused.
The criminals amassed Rs 260 crore in Bitcoins across various crypto-wallets, subsequently liquidated into cash via USDTs using multiple hawala operators in the UAE.
Previously, on June 26, the CBI apprehended a principal figure in a transnational cyber extortion ring during coordinated operations in Mumbai and Ahmedabad.
The suspect, Prince Jashvantlal Anand, is alleged to be the mastermind behind an international scheme targeting foreign nationals, particularly in the US and Canada.
This syndicate is charged with impersonating government officials, fabricating legal threats, and extorting money from naïve victims.
On June 25, the ED initiated a coordinated offensive across Gujarat and Maharashtra related to a sizable cyber fraud exceeding Rs 100 crore.
Raids were executed in Ahmedabad, Surat, and Mumbai under the PMLA. Key individuals implicated in the case include Maqbool Doctor, Kashif Doctor, Basam Doctor, Mahesh Mafatlal Desai, and Maz Abdul Rahim Nada.
Authorities assert that the group misled victims through tactics such as fake enforcement notices, USDT crypto trading scams, and false digital arrest threats.
Point of View
I emphasize the importance of vigilance in the face of rising cybercrime. The recent ED raids serve as a crucial reminder of the necessity for stronger regulations and public education regarding online safety. With authorities intensifying their crackdown on such crimes, it is vital that we remain informed and cautious to protect ourselves and our communities.
NationPress
10/10/2025
Frequently Asked Questions
What triggered the ED raids?
The raids were initiated in response to a global cyber fraud case involving Rs 260 crore, with the ED acting under the Prevention of Money Laundering Act.
Which areas were targeted in the raids?
The raids took place in Noida, Gurugram, Dehradun, and Delhi.
How did the fraudsters operate?
The fraudsters impersonated law enforcement officers and tech support agents to extort money from victims.
What role did cryptocurrencies play in this fraud?
Victims' funds were converted into cryptocurrencies, primarily Bitcoins, which were then transferred and liquidated into cash.
Who are the key suspects in this case?
Key suspects include Prince Jashvantlal Anand and several individuals linked to a transnational cyber extortion syndicate.
