9911796707
TMI BlogED files chargehseet in cyber-fraud case involving UAE-based payment platformX X X X Extracts X X X X X X X X Extracts X X X X ..... ED files chargehseet in cyber-fraud case involving UAE-based payment platform X X X X Extracts X X X X X X X X Extracts X X X X ..... int (chargesheet) was filed against five accused in the case against PYYPL before a special Prevention of Money Laundering Act (PMLA) court here on March 28. The court took its cognisance on April 2, the federal probe agency said in a statement. PYYPL is a UAE-based financial technology-powered payment platform and it indulged in "cybercrimes" like investment frauds, illegal betting, part-time jo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b frauds etc., it said. The ED has arrested eight people -- chartered accountants Ajay and Vipin Yadav, two crypto "traders" named Jitendra Kaswan and Alladi Rajasai (who operate from Dubai) and four others from Rajasthan's Jodhpur -- Rakesh Karwa, Chhotu Singh Gurjar, Mohit Singh and Kuldeep Singh. According to the agency, these people were "involved" in this "large-scale" cyber-fraud operation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spanning across the country that "defrauded" hundreds of victims. The ED has claimed that an organised criminal syndicate (OCS), with members operating under the name of Jennifer, Alan, Tom, Tom-Support etc. through multiple Telegram groups, hatched a conspiracy to cheat the Indian public and fraudulently appropriate their money. The operators of the OCS hired certain individuals from the count ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry for arranging and operating thousands of "mule" bank accounts (accounts used for transacting illicit funds) in lieu of commission, according to the ED. Once the defrauded money is deposited in these accounts, the accused would "launder" the proceeds through various other mule accounts, convert the money into crypto currency on the PYYPL platform or through cash in Dubai and transfer it back to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... private crypto wallets shared by the members of the OCS in the Telegram groups. The accused are alleged to have orchestrated a "scam" worth about Rs 303 crore (ascertained till now) as the ED said it conducted the investigation jointly with the Financial Intelligence Unit (FIU) and Indian Cybercrime Coordination Centre (I4C). The ED said further investigation in the case is ongoing even as seve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ral suspects are "absconding" and authorities are working to identify additional suspects and recover and attach the proceeds of crime. Multiple electronic devices like laptops, iPads, smartphones, apart from private crypto wallets, multiple bank accounts, chequebooks, ATM cards etc., were either frozen or seized by the agency during searches conducted in connection with the case. The first char ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gesheet was filed in the case in January. PTI NES RC X X X X Extracts X X X X X X X X Extracts X X X X
|
