Directorate of Enforcement (ED), Patna Zonal Office has provisionally attached movable and
immovable properties valued at Rs. 2.83 Crore (approx.) under the provisions of Prevention of Money
Laundering Act (PMLA), 2002 in a trans-national cyber fraud case related to fake call centers involving Sagar
Yadav and his associated companies namely M/s Scrapix Consultancy Services Pvt Ltd and M/s Casanovus
Reality Pvt Ltd, both based in Kolkata. The attached properties consist of land parcels, flats, fixed deposits etc.
ED initiated investigation into the case based on information of cyber fraud committed on Ms. Carmel
Fox, an Irish National, received in the office of ED from National Central Bureau (NCB) – India (CBI) which
forwarded the information dated 07.04.2023 received from NCB – Ireland. ED, Patna Zonal Office initiated
investigation by recording an ECIR into this matter as the case was covered under the category of offence of
“Cross-border implication” as defined in Section 2(1) (ra) of PMLA, 2002, since the offence was committed in
a foreign country and later the Proceeds of Crime (POC) were transferred to India.
ED investigation revealed that a group of individuals was committing acts of cyber fraud on foreign
nationals by establishing fake call centers and the POC generated through such acts of cyber fraud was
brought into India via Western Union/Moneygram, Rewire, Remitly as well as cryptocurrencies and then used
to launder via apps such as Lenden Club, Lendbox, Liquiloans etc. ED has arrested 7 persons including Sagar
Yadav and filed Prosecution Complaint and two Supplementary Proseuction Complaints against Sagar Yadav,
his entities and his others associates.
Further investigation revealed that 2 immovable properties were purchased in the names of M/s Scrapix
Consultancy Services Pvt Ltd and M/s Casanovus Reality Pvt, with sale consideration paid using the POC.
These immovable properties, amounting to Rs.2.67 Crore (approx.) have been placed under provisional
attachment. Movable properties, valued at Rs.15.75 Lakh (approx.), in the form of Fixed Deposits (FDs) have
also been placed under provisional attachment.
