Directorate of Enforcement (ED), Delhi Zonal Office has conducted search operations on
6/8/2025 and 7/8/2025 at 11 locations in Delhi, Noida and Dehradun in connection with ongoing
investigation in a Global Cyber Fraud case. Investigation revealed that the foreign and Indian nationals
were duped by fraudsters (which were running illegal call centre in India) impersonating themselves
as Police/investigating officers and extorted with their monetary assets, threatening them with
consequences of arrest or otherwise. The Proceeds of Crime (POC) were routed through a network
of crypto-currency wallets.
ED initiated investigation on the basis of various FIRs registered by CBI, New Delhi and Delhi
Police.
The Modus operandi in the matter revealed that victims were contacted through call centre
being run at Noida-Delhi by the accused persons and were further induced to transfer their monetary
assets through crypto-wallets. The accused persons have received Bitcoins in multiple crypto wallets.
The victims’ funds transferred through crypto wallets were aggregated to specific crypto wallets of
accused persons, which were further withdrawn into USDTs at UAE.
The search proceedings uncovered numerous property transactions at UAE, foreign bank
accounts and POC parked in multiple crypto-wallets. Incriminating material in the form of digital
devices, etc. were recovered and seized from the possession of accused persons. During the search
proceedings immovable properties have been identified in UAE. Further, details related to multiple
Cross border cash transactions through hawala, investments in crypto-wallets, several off shore
entities based in UAE, investment in real-estate and restaurant business in India were also unearthed
during search action.
