New Delhi, January 28
The Enforcement Directorate (ED) arrested two people from Delhi and Kolkata in connection with a digital arrest scam, where the culprits allegedly defrauded Rs 33 lakh from a senior citizen.
The ED conducted searches at over 30 locations across West Bengal, Madhya Pradesh, Uttar Pradesh, Gujarat and Maharashtra.
As per the case details, a senior citizen from Chennai filed an FIR, alleging that scammers defrauded her of Rs 33 lakhs.
The ED uncovered a complex money laundering network involving mule accounts, cash deposit machines (CDMs), and cryptocurrency transfers.
During the raids, the ED seized multiple electronic devices, incriminating evidence, and cryptocurrency in the form of BTC and USDT.
The investigation also revealed that fintech companies failed to comply with KYC norms, enabling cash deposits from bogus entities and individual, officials informed.
The role of these fintech companies, their distributors, retailers, and associated bank accounts is being examined, officials further added.
