Digital Deceit: Unveiling the Cyber Trap of 'Digital Arrest'

The Enforcement Directorate (ED) has attached Rs 1.76 crore from a mule bank account as part of a money laundering probe related to the cybercrime 'digital arrest' of industrialist S P Oswal. The plot involved impersonating CBI officers to extort funds, highlighting the ploy's broader financial crime implications.

The Enforcement Directorate (ED) has moved to clamp down on financial crimes by attaching a hefty Rs 1.76 crore from a mule bank account. These funds are central to an ongoing investigation into money laundering linked to the digital arrest of Ludhiana's prominent industrialist, S P Oswal.

This probe shines a light on a complex scheme where fraudsters, masquerading as CBI officers, extorted Rs 7 crore from Oswal. The operation utilized multiple mule accounts, exploiting economically vulnerable individuals through false promises to facilitate the laundering of proceeds from cybercrimes.

Authorities are urging those affected by such fraudulent digital arrests to seek immediate assistance from local law enforcement and utilize the national cybercrime helpline. This sophisticated scheme underscores the urgent need for increased vigilance and robust digital security measures.

(With inputs from agencies.)