The Enforcement Directorate (ED) has uncovered a sophisticated digital fraud scheme targeting Ludhiana-based industrialist S P Oswal, who reportedly lost over Rs 7 crore. Authorities conducted searches across 11 locations in Punjab, Haryana, Rajasthan, Gujarat, and Assam, recovering critical documents and digital devices linked to the scam.
Investigators revealed that the fraudsters impersonated CBI officers, pressuring Oswal to transfer large sums to various accounts. Rumi Kalita from Assam was arrested for allegedly assisting the transfers by providing her mule account.
The investigation, based on multiple FIRs, exposes a wider criminal network that uses mule accounts registered in the names of laborers and delivery personnel to divert and layer illicit funds, complicating efforts to trace the stolen money.
