ED raids in NCR, Uttarakhand in international cyber fraud case

The Enforcement Directorate on Wednesday (August 6, 2025) carried out searches at a number of premises within the nationwide capital area and Uttarakhand as a part of a cash laundering probe linked to a world cyber fraud ring wherein Indian and overseas nationals have been duped of funds value crores of rupees, official sources mentioned.

The raids are being carried out underneath the Prevention of Money Laundering Act (PMLA) and are protecting no less than 11 premises situated in Delhi, Noida, Gurugram and Dehradun, the sources mentioned.

Fraudsters primarily based in these cities have been “cheating” Indian and overseas nationals by impersonating as police or investigating company officers and so they “extorted” cash by threatening them with penalties of arrest, they mentioned.

The fraudsters additionally impersonated as Microsoft and Amazon technical assist service brokers to “cheat” the victims.

The company discovered that the financial property of the victims have been transformed into cryptocurrencies and transferred to the accused.

The accused generated about Rs 260 crore within the type of Bitcoins in a number of crypto-wallets, which have been additional liquidated into money via conversion into USDTs via a number of hawala operators and people primarily based within the UAE, in response to company sources.

The cash laundering case stems from FIRs registered by the CBI and the Delhi Police.