The Enforcement Directorate has uncovered a massive cross-border cyber fraud worth Rs 130 crore, exposing a call centre gang that targeted US citizens through fake investment schemes.
Investigations revealed that the fraudsters used advanced technology to scam, including spoofed caller IDs, to impersonate financial officials based in the United States. They contacted hundreds of victims, promising high returns on non-existent investment plans, and convinced them to transfer money. Once the funds reached Indian accounts, they were routed through shell companies and withdrawn in cash to avoid detection.
Several victims in the United States suffered huge financial losses, leading to coordinated investigations by authorities in both countries. Following the money trail, the Enforcement Directorate launched raids and seized assets linked to the scam.
During the operation, officers confiscated eight luxury cars, high-value jewellery, expensive electronic gadgets, and large amounts of cash, all suspected to have been purchased with the proceeds of scam. Multiple suspects have been arrested, and digital evidence has been collected to support the case.
The accused now face charges under the Prevention of Money Laundering Act. Indian and American agencies are jointly working to trace the entire network behind the operation, and more arrests are expected as the investigation progresses.
Authorities have warned citizens to stay alert against such scams. People are advised not to share personal or banking information with unknown callers, to verify any investment offers carefully, and to report suspicious communication to cybercrime authorities immediately.
This scam case highlights the growing threat of cyber-enabled financial crime and the urgent need for greater vigilance among the public.
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