Archive · 21 Nov 2025
ED Freezes Rs.8.46 Crore in Cyber Fraud Case Involving Fake E-commerce Platforms
The Enforcement Directorate (ED) has frozen Rs.8.46 crore in bank accounts linked to a massive cyber fraud.
The scammers tricked people into using fake e-commerce platforms and apps, promising high earnings.
They initially paid small amounts to build trust, but later blocked withdrawals.
The fraudsters collected Rs.285 crore and quickly moved the money to avoid detection, often converting it to cryptocurrency or using informal money transfer systems.
ED attaches Rs.8.46 crore in 92 bank accounts under PMLA
Fraud involved fake e-commerce platforms and money-making apps
Victims lured with promises of high commissions and quick profits
Proceeds of crime amounting to Rs.285 crore collected and transferred swiftly
Significant portion converted to cryptocurrency or moved through hawala channels
- Who
- Cyber fraudsters and the Enforcement Directorate (ED)
- What
- Froze Rs.8.46 crore in bank accounts linked to a large-scale cyber fraud
- When
- During an ongoing investigation
- Where
- Bank accounts across India
- Why
- To recover proceeds of crime generated through fake e-commerce platforms and apps
- Total Proceeds of Crime
- Rs.285 crore
- Number of Primary-layer Bank Accounts Used
- Over 30
- Number of Other Bank Accounts Involved
- Over 80
- Estimated Time Period for Account Use
- One to fifteen days
- Method of Fund Transfer
- Swift transfers to minimize detection