India Arrests Two in Alleged Crypto Laundering Case Over Rs. 400 Crore
Photo: TokenPost
India's Directorate of Enforcement (ED) arrested Roshan Fiaz and Ammar on Oct. 30 as it investigated an alleged network tied to more than Rs. 400 crore in online fraud proceeds. The agency announced the arrests on Nov. 5. The ED linked the network to more than 600 cybercrime complaints. It also linked 10 additional first information reports (FIRs) to the network in Telangana, Karnataka and West Bengal. The agency described victims being approached through investment schemes, job offers and share-market investment pitches. Funds passed through multiple bank accounts before being converted into Tether (USDT) through crypto wallets, the ED said.
Source: TokenPost
