Cyber fraud: The Enforcement Directorate (ED) has busted a large cyber fraud network spread across the country and arrested 10 people, including two chartered accountants. It is alleged that these people used to cheat people of crores of rupees by promising them investment and online jobs. In this entire case, cyber fraud of about Rs 641 crore has come to light.

Two chartered accountants arrested

ED arrested chartered accountants Ashok Kumar Sharma and Bhaskar Yadav under PMLA on 28 February 2026. According to the investigating agency, both the accused were playing an important role in the network of hiding and circulating the money collected through cyber fraud.

Cyber ​​fraud: Money game through shell companies

Investigation revealed that the money obtained through fraud was earlier deposited in different Mule bank accounts. After this, the real source was hidden by transferring them through many shell companies, so that it became difficult for the investigating agencies to reach the real trail of the money.

The network was running from Delhi

According to ED, the accused had formed more than 20 companies from Bijwasan area of ​​Delhi. These companies were used to transfer illegal money here and there and make it look legitimate.

Cyber ​​fraud: Money was transferred to Dubai and crypto

The investigation also revealed that the defrauded money was later sent to the prepaid card wallet of UAE fintech company PYYPA. From there, this amount was withdrawn in Dubai or converted into cryptocurrency and transferred to different digital wallets, making it difficult to trace the money.

Assets worth Rs 8.67 crore attached

In this case, ED has already raided many places. During that time, both the accused had absconded and had tried to get anticipatory bail in the court to avoid arrest, but they did not get relief. Later both were arrested after surrendering in the court. Till now, assets worth Rs 8.67 crore have been attached in this case.

Two complaints filed in court

Cyber fraud: The investigation revealed that an organized gang, which included professionals like chartered accountants Ashok Kumar Sharma, Bhaskar Yadav, Ajay and Vipin Yadav, was running a complete network of money laundering. In this case, two prosecution complaints have been filed before the special PMLA court, on which the court has also taken cognizance. Take Have taken.