Two chartered accountants arrested in ₹641 crore cyber fraud
Two chartered accountants, Ashok Kumar Sharma and Bhaskar Yadav, have been arrested by the Enforcement Directorate for running a ₹641 crore cyber fraud and money laundering racket.
Their group tricked people across India with fake investment offers, part-time job scams, phishing links, QR code cons, and online betting traps.
Money was moved through Telegram mule accounts and shell companies
Investigators found that stolen money was moved through Telegram mule accounts and shell companies in Delhi before being sent abroad using Indian debit cards loaded onto UAE prepaid cards.
The cash was withdrawn at Dubai ATMs or turned into crypto on Binance.
After raids on November 28, 2024 turned up key evidence—and one accused allegedly assaulted ED officials while fleeing—both surrendered when courts denied bail.
So far, 10 people are under arrest and assets worth ₹8.67 crore have been attached as the probe continues.