Kolkata Kankurgachhi Home Searched by ED in Money Laundering Case.

The Enforcement Directorate has confirmed the arrest of Sagar Mehta in Dubai in connection with its investigation into the alleged ₹177-crore Torres Jewellers money laundering case. The agency informed a special PMLA court in Mumbai that Dubai authorities had taken Mehta into custody after he allegedly remained outside India for several months. Mehta is among several accused named in the probe, which involves alleged collection and management of proceeds of crime. The allegations remain subject to investigation and judicial scrutiny.

ED Confirms Dubai Arrest of Sagar Mehta in Rs 177 Crore Torres Jewellers Probe 

Sagar Mehta, one of the main accused in the alleged Rs 177 crore Torres Jewelers money laundering case, was arrested by local authorities in Dubai after months on the run, the Enforcement Directorate has informed a special PMLA court in Mumbai.

The arrest of Sagar Mehta comes as a significant development in the ongoing investigation into the alleged Rs 177 crore money laundering case linked to the Torres Jewelers investment scheme. The Enforcement Directorate told a special Prevention of Money Laundering Act (PMLA) court in Mumbai on Thursday that local police in Dubai had arrested Mehta.

The court had earlier been told that Sagar Mehta had fled India and evaded investigators for several months. He has been accused by the Enforcement Directorate of assisting in the collection and management of proceeds of crime in connection with the alleged financial fraud.

During the court proceedings, the defense counsel prayed for withdrawal of the proclamation issued against Sagar Mehta. This follows the court earlier issuing non-bailable warrants against several accused named in the investigation.

Hyderabad Police have arrested three alleged members of an interstate syndicate accused of operating a hybrid cyber fraud scheme that combined smartphone theft with digital financial fraud. Police said the suspects allegedly targeted commuters, senior citizens and vulnerable users at crowded transport locations, using shoulder surfing to observe phone credentials before stealing devices. Investigators allege that the group later used deception to obtain screen-lock details, searched stolen phones for financial information, and accessed banking or UPI applications to transfer money. Five mobile phones were reportedly recovered.

Hyderabad Police Busts Interstate Hybrid Cyber Fraud Syndicate Targeting Commuters

Hyderabad Police have arrested three alleged members of an interstate syndicate accused of combining phone theft, social engineering and digital banking fraud to steal more than Rs 20 lakh.

Hyderabad Police on Wednesday said they have busted an alleged “hybrid cyber fraud” racket that combined physical pickpocketing with digital financial crimes.

Sajjanar issued an advisory warning residents about the new method, which allegedly allows criminals to steal smartphones and then access victims’ financial accounts.

The Hyderabad Cyber Crime police have arrested three alleged key members of an interstate syndicate and recovered five mobile phones which were allegedly used in the offenses.

The Enforcement Directorate’s investigation into alleged digital arrest frauds has uncovered a vast financial network with transactions exceeding ₹27,850 crore, according to the agency. The probe began after a Goa woman allegedly lost ₹2.60 crore after being pressured into transferring money to accounts described as “Secret Supervision Accounts.” Investigators said the funds moved rapidly through hundreds of beneficiary accounts, cash withdrawals, payment gateways and foreign-exchange channels. The ED said the wider probe identified 330 victims and 163 FIRs, while examining financial activity involving commodity, travel and currency-exchange businesses.

ED Investigation Reveals Rs 27,850 Crore Network Behind Digital Arrest Frauds Across India

A complaint from a woman in Goa alleging a so-called digital arrest scam has led the Enforcement Directorate to uncover a sprawling money laundering network linked to 330 victims, 163 FIRs, and transactions exceeding Rs 27,850 crore.

The digital arrest scam investigation has exposed one of India's largest alleged cyber fraud-linked money laundering networks, according to findings released by the Enforcement Directorate (ED). Officials tracked transactions of over Rs 27,850 crore while investigating a complaint filed by a woman from Goa.

The woman was allegedly continuously monitored through a video call from May 21 to June 2, 2025, according to investigators. She was allegedly told by people posing as investigators that she was under criminal investigation.

She transferred Rs 2,60,33,634 to accounts which were described to her as ‘Secret Supervision Accounts’ within a period of 14 days. The transfers were allegedly made under duress and with the promise that cooperating would prove her innocence.

The Enforcement Directorate says its investigation into a Goa-based digital arrest scam has uncovered an alleged pan-India cyber fraud network involving losses of more than ₹400 crore and 330 victims. The agency has arrested Fahim Moin Hussain Sayed and Naim Mueen Sayyed under the Prevention of Money Laundering Act. Investigators are examining how alleged fraud proceeds moved through hundreds of beneficiary accounts before being withdrawn as cash and converted into foreign currency. The ED said an interconnected network of businesses handled banking transactions exceeding ₹27,850 crore.

ED Probe Reveals Rs 400-Crore Digital Arrest Racket; 330 Victims Trapped in Pan-India Fraud Network 

The Enforcement Directorate has arrested two persons in connection with a Goa-based digital arrest scam investigation. The officials said the investigation has uncovered a nationwide cyber fraud network with the cumulative loss of more than Rs 400 crore.

The ED digital arrest scam probe has unearthed a sprawling pan-India cyber fraud network, which has suffered losses of over Rs 400 crore and is linked to hundreds of complaints and criminal cases.

The Enforcement Directorate (ED) said it has arrested Fahim Moin Hussain Sayed and Naim Mueen Sayyed under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002. Sunday saw the arrests of the two individuals, who were presented before a court in Goa on Monday.

The agency said the probe is based on a case registered with the Cyber Crime Police Station in Goa last year. Since then, the probe has snowballed into what officials say is a highly organized network of cyber fraud operators operating across multiple states and Union Territories.