Overview

• The Enforcement Directorate executed coordinated midnight raids on July 24 under the Prevention of Money Laundering Act, targeting illicit call centres in Chandigarh, Mohali and Panchkula
• Investigators seized call transcripts, spoof websites and financial records tying FSAL Technologies, Terrasparq and Visionaire to overseas fronts including Bios Tech USA and CTS Mobility
• The centres impersonated global tech brands such as Microsoft, HP and Geek Squad to dupe foreign nationals through cloned websites, pop-up alerts and fake hotlines
• Fraud proceeds were funnelled through payment gateways to shell companies abroad and laundered back to India via formal banking channels and hawala networks
• ED sources have identified key directors—Faisal Rashid Peerzada, Arshdeep and Sahu Jain—for summons as the probe advances