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[SITUATION] · [ACTIVE] · [CRIME]
2 clusters · 5 sources · 3 days · First seen · Last updated
India cyber fraud and money laundering investigation
Overview
The Enforcement Directorate (ED) is investigating a massive pan-India cybercrime and ‘digital arrest’ fraud network involving approximately ₹28,000 crore in banking transactions. The investigation was triggered by a complaint from a victim in Goa who lost ₹2.60 crore.
Authorities discovered that the syndicate utilized roughly 400 mule bank accounts held in the names of proxy directors across various sectors, including travel, commodities, and foreign exchange, to divert and launder funds. These funds were reportedly converted into foreign currency or withdrawn as cash.
In late October 2026, the ED arrested lawyer Rasesh Upadhyay (also known as Rasesh Shah) at Mumbai’s Chhatrapati Shivaji Maharaj International Airport while he was attempting to travel to Delhi. Upadhyay is alleged to have acted as a key intermediary. This arrest brings the total number of individuals detained in connection with the case to seven.
Entities
Mumbai Airport · Enforcement Directorate · Reserve Bank of India · Goa · Rashesh Upadhyay
Timeline
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[CRIME] 3 sourcesEnforcement Directorate arrests lawyer in ₹28,000 crore cyber fraud case
The Enforcement Directorate arrested lawyer Rashesh Upadhyay at Mumbai airport in connection with a ₹28,000 crore cyber fraud and digital arrest scam involving 400 mule accounts.
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[CRIME] 2 sourcesLawyer arrested in Mumbai airport in connection to Rs 28,000 crore cyber fraud case
A lawyer was arrested at Mumbai airport for his alleged role in a massive Rs 28,000 crore cyber fraud and digital arrest network operating across 20 Indian states.
Sources
bhaskarhindi.com · khabarfast.com · maalaimalar.com · malaimurasu.com · navbharatlive.com