Crackdown on Cyber Fraud: Enforcement Directorate Raids Across India

The Enforcement Directorate conducted raids in various states, including Punjab and Uttar Pradesh, in connection with a money laundering probe against Pay10 Services Pvt Ltd. The investigation, under the Prevention of Money Laundering Act, involved alleged cyber fraud, leading to the seizure of cash and electronic devices.

In a significant move, the Enforcement Directorate (ED) carried out searches on Wednesday across Punjab, Delhi, and Uttar Pradesh as part of an ongoing money laundering investigation. The probe targets a Delhi-based payment aggregator accused of involvement in cyber fraud.

The operation saw raids at multiple premises, including locations in Delhi-NCR, Ludhiana, Mandi Gobindgarh in Punjab, and Agra. The company under scrutiny is Pay10 Services Pvt Ltd, previously known as Bhartipay Services Pvt. Ltd.

Authorities have invoked the Prevention of Money Laundering Act in this case, highlighting the seriousness of the allegations. During the raids, officials confiscated cash and electronic devices but noted that Pay10 Services Pvt Ltd has yet to respond to inquiries.