ED Team Attacked While Conducting Raids In Cyber Fraud-Linked Money Laundering Case In New Delhi

New Delhi: An Enforcement Officer sustained minor injuries after an Enforcement Directorate (ED) team, which was conducting raids in a cyber fraud-linked money laundering case, was attacked in Delhi’s Bijwasan area on Thursday.

The probe agency was conducting the raids after it had registered an FIR in connection with the case related to cyber app fraud linked to the UAE-based Pyypl payment aggregator.

The accused, including Ashok Sharma and his brother, attacked the ED team, reports claimed. An FIR was filed against the accused, ED sources said, as quoted by India Today.

The raid was being conducted at a time when thousands of cybercrimes like phishing scams, QR code cheating and part-time job scams had been reported across the country.

With the help of i4C and the Financial Intelligence Unit – India (FIU-IND), thousands of reported crime instances were analysed. During investigation, it was found that the illegitimate money was layered into 15,000 mule accounts, the probe agency claimed.

Debit and credit cards were obtained, and money was remitted to top-up virtual accounts on Pyypl using these cards, ED sources said, quoted India Today.

The funds were used from Pyypl to buy cryptocurrency. The illegal network was being operated by shady chartered accountants. The sleuths are still continuing the raid.