₹260 Crore Crypto Scam: ED Raids In Delhi, NCR, Gurugram Accused Posed As Microsoft, Amazon Tech Support

(MENAFN- Live Mint) The Directorate of Enforcement (ED) is conducting search operations today, August 6, at 11 premises located in Delhi, Noida, Gurugram and Dehradun in the matter of global cyber fraud. The accused allegedly posed as Microsoft and Amazon tech support service agents and duped the victims.

The probe under the Prevention of Money Laundering Act (PMLA) began after First Information Reports (FIRs) were registered by CBI and Delhi Police.

It revealed that fraudsters pretending as Police or investigating officers deceived foreign and Indian nationals. They allegedly extorted with their monetary assets warning them with consequences of arrest. The monetary assets of the victims were reportedly converted into crypto currencies which then went to accused persons.

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Meanwhile, assets valued at ₹42.8 crore belonging to an Indian national, who was detained in the United States for reportedly embezzling $20 million via a fraudulent website imitating the cryptocurrency platform Coinbase , have been seized under anti-money laundering regulations, according to ED, PTI reported.

The federal probe agency named the accused as Chirag Tomar.

The ED started probe in the case as per media reports stating that Tomar was arrested in the US for stealing over USD 20 million through "use of fake or spoofed" sites copying the cryptocurrency exchange website Coinbase.

Tomar is currently behind the bars in the US, the agency stated.

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Police on Wednesday stated that a 28-year-old man has been arrested in connection with a cyber fraud at a city-based cryptocurrency trading platform, which caused a loss of approximately ₹384 crore.

The complaint was filed by Hardeep Singh, vice-president of public policy and government affairs at Neblio Technologies Private Limited, who said that on July 19, an unknown hacker gained access to the company's crypto wallet and transferred cryptocurrency worth USD 44 million (around ₹384 crore) to an unidentified wallet.

After this, the assets were shifted across six other unknown wallets, according to police. Rahul Agarwal, an employee of the company, has been taken into custody for further interrogation, a senior police officer stated.

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