Overview
- Arpit Rathore was detained on December 31 in Kanpur following ED searches that recovered digital devices and Rs 14 lakh in cash.
- A special PMLA court in Jalandhar remanded Rathore to ED custody until January 5.
- The investigation stems from a Ludhiana cybercrime FIR after fraudsters posing as CBI officers allegedly extorted Rs 7 crore from S P Oswal in August 2023.
- ED says the ring routed money via Frozenman Warehousing and Logistics and Rigglo Ventures before dispersing it into more than 200 mule bank accounts.
- The agency alleges Rathore coordinated with foreign associates, supplied mule accounts, and received his share in USDT and rupees, as the probe also folds in nine related FIRs totaling about Rs 1.73 crore defrauded from others.