ED unearths Rs 400-crore cyber fraud network in Goa ‘digital arrest’ probe; 2 arrested
The Enforcement Directorate (ED) has arrested two individuals under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, as part of an investigation stemming from a “digital arrest” scam in Goa. The agency stated that the probe revealed a pan-India organised network of cyber fraudsters whose accounts are linked to over 163 FIRs across 20 states and Union Territories, involving total reported losses of more than Rs 400 crore.
The arrested individuals are identified as Fahim Moin Hussain Sayed and Naim Mueen Sayyed. They were taken into custody on Sunday and presented before a Goa court on Monday.
