New Delhi, March 5 -- The Enforcement Directorate (ED) today said it has arrested CA Ashok Kumar Sharma and Bhaskar Yadav in connection with the investigation of a cyber fraud case.
An ED official said the investigation revealed a large-scale cyber-enabled fraud in which innocent citizens across India were induced to transfer funds on the pretext of investment opportunities, part-time job schemes, QR code-based scams, phishing operations, and other fraudulent digital inducements.
"The proceeds of cyber fraud amounting to approximately Rs 641 crore were initially credited into mule accounts managed and operated by members of certain Telegram groups and were subsequently layered through a web of dummy or shell entities across India to fragm...