ED Arrests Second Suspect in S P Oswal ‘Digital Arrest’ Laundering Probe

ED custody through January 5 enables further tracing of funds across corporate fronts, mule networks, overseas transfers, crypto receipts.

Overview

Arpit Rathore was detained on December 31 in Kanpur after searches that seized digital devices and ₹14 lakh in cash, and a special PMLA court in Jalandhar remanded him to ED custody until January 5.
The case arises from a Ludhiana Cyber Crime FIR into a 2023 ‘digital arrest’ in which impersonators of CBI officers extracted ₹7 crore from industrialist S P Oswal.
Investigators say the same group carried out additional digital-arrest and cyberfraud schemes totaling about ₹1.73 crore, consolidated through nine related FIRs.
The ED alleges illicit proceeds moved through accounts of Frozenman Warehousing and Logistics and Rigglo Ventures before dispersal into more than 200 mule bank accounts.
Officials further allege Rathore coordinated with foreign associates to route funds abroad and received a share in USDT and Indian rupees, while earlier arrest Rumi Kalita was taken into custody on December 23.