The Times Of India · Technology
Goa cyber fraud money was converted into foreign currency, ED finds
ED probes Goa “digital arrest” scam: Rs 2.6 crore laundered via 400+ accounts, cash withdrawals and RBI-licensed forex firms; two arrested, network found. Panaji: The Enforcement Directorate (ED), probing an alleged digital arrest scam, has uncovered a sophisticated money-laundering network designed to systematically convert cyber-fraud proceeds from legitimate-looking bank credits into cash and, ultimately, foreign currency. Goa cyber fraud money was converted into foreign currency, ED finds.
Licensed summary · LicensedSummary