ED Nabs 2 CAs and Crypto Trader in ₹640 Crore Money Laundering Case
Two chartered accountants (CAs) and a cryptocurrency trader were arrested in a ₹640 crore cyber fraud case. The Enforcement Directorate (ED) carried out searches at several locations, recovering ₹47 lakh in cash, important documents, and crypto assets. The fraud involved betting, gambling, part-time jobs, and phishing scams, with the money being transferred through over 5,000 Indian bank accounts to a payment platform based in the UAE.