New Delhi, March 13 -- The Enforcement Directorate (ED) has arrested the kingpin of a cyber syndicate on charges of layering and siphoning off Rs 4,978 crore generated from various cyber-crimes and online gaming ongoing all across India during 2020 to 2024, the agency said on Wednesday.

The cyber fraudster, identified as Ashish Kakkar, was arrested on March 2 from Hotel Holiday Inn in Gurugram under Section 19 of the Prevention of Money Laundering Act, 2002.

ED initiated an investigation on the basis of First Information Reports (FIRs) registered all over India including a few registered in Delhi, Rajasthan, Uttar Pradesh and Haryana. Kakkar is accused of defrauding the general public of their hard-earned money by committing various typ...