ED attaches Rs 7 crore in cyber investment scam involving tech firms in Bengaluru

BENGALURU: The Directorate of Enforcement (ED), Bengaluru, has provisionally attached around Rs 7.02 crore in a tech-enabled cyber investment scam conducted by the accused through Cotata Technology Pvt Ltd and other entities. In an official release on Thursday, the ED stated that “the amount being attached under the provisions of Prevention of Money Laundering Act (PMLA), 2002, was lying in the form of bank balance in 29 bank accounts of various entities”.

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