In Bijwasan, southwest Delhi, an Enforcement Directorate (ED) team was ambushed Thursday while conducting a raid related to the Pyypl cyber app fraud case.
The operation was a component of the ED's ongoing investigation into a massive case of money laundering and cyber fraud involving the payment aggregator Pyypl, based in the United Arab Emirates.
Attack on ED Team
The ED team, while conducting the raid, faced resistance from the accused, including Ashok Sharma and his brother, who attacked the officials. One Enforcement Officer (EO) suffered minor injuries but resumed work after receiving first aid. The Delhi ED team has filed an FIR, and the situation is now under control, sources confirmed.
After discovering thousands of cybercrimes around India, including phishing schemes, QR code fraud, and phony part-time employment offers, the ED had already filed a formal complaint. Fraudulent monies were transferred into more than 15,000 mule accounts, according to analysis conducted by the ED in cooperation with the Financial Intelligence Unit (FIU-IND) and i4C.
Debit and credit cards were used to top up virtual accounts on Pyypl with the money. Cryptocurrency was then bought using these accounts. The investigation also revealed that dubious chartered accountants who assisted in the operation were involved.
To break up the network responsible for the Pyypl cyber scam, the Enforcement Directorate is still searching Bijwasan and other areas. The goal of the ED's work is to expose the scam's whole scope and hold those involved accountable.
This case demonstrates the increasing complexity of cybercrime and the ED's national efforts to tackle it.
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