Overview
- Delhi Police, under Operation Cy-Hawk, arrested Sushil Chawla and Rajesh Kumar in a shell-company network tied to 176 complaints and roughly ₹180 crore, seizing devices and probing layered fund flows through at least 20 firms.
- The two suspects told police they worked for West Bengal industrialist Pawan Ruia, who is reported to be linked to similar cases, as investigators map transfers through mule accounts registered to front directors.
- Odisha Police’s Economic Offences Wing arrested Amit Mandal in Bankura and brought him on transit remand in a share‑trading scheme that drew more than ₹120 crore from about 600 investors, with scrutiny of one ICICI account showing transactions of around ₹122 crore.
- Multiple ‘digital arrest’ extortions were reported, including losses of about ₹90 lakh in Lucknow, ₹1 crore in Pune and ₹1.61 crore in Karnataka, with police tracing money through accounts across several states and freezing only limited sums so far.
- Parallel probes highlight related tactics—from forged IDs and fake salary credits used to obtain loans in Delhi to mule accounts identified in Maharashtra’s e‑challan malware case—underscoring an ongoing, multi‑state financial crime ecosystem.