Enforcement Directorate Uncovers ₹159 Crore Cybercrime Syndicate

The ED has filed charges against an eight-member gang exploiting digital platforms for fraud, with international links in Hong Kong and Thailand.

The syndicate used social media platforms to lure victims with fake investment opportunities, promising high returns.
Funds from scams were laundered through shell companies and converted into cryptocurrency to obscure origins.
Scammers employed a 'digital arrest' tactic, posing as law enforcement to extort money from victims under threat of arrest.
The ED's investigation led to the arrest of eight individuals and the freezing of significant assets linked to the fraud.
India's Cyber Crime Coordination Centre has issued advisories to warn the public against these sophisticated scams.