Chennai: Following the arrest of four individuals from Pallipattu in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) has revealed that the accused individuals, identified as Tamilarasan Kuppan, Prakash, Aravindan, and Ajith, set up shell companies and opened bank accounts to transfer funds obtained from various cyber fraud activities. ED officials conducted searches in Tiruvallur after detecting a suspicious bank transaction amounting to 2.6 crores, leading to the arrest of the four suspects. The ED has secured four-day custody of the accused from a Bengaluru court. The individuals were linked to a WhatsApp group involving Chinese scammers and were assisting them in laundering money through shell companies established for this purpose. The agency discovered an account holding 2.8 crores belonging to a shell company named Cyberforest Technology Private Limited in Bandhan Bank, connected to a case involving fraud by Chinese perpetrators posing as government officials. This case was initially reported to Jaipur cybercrime police, and ED's investigation, based on multiple FIRs from various states, linked the fraudulent transaction to Tiruvallur. Prior to this, ED had arrested four other individuals in Bengaluru, seizing incriminating evidence such as mobile phones in the course of their investigation.Electronic devices. Investigation under the Prevention of Money Laundering Act, 2002 has revealed proceeds exceeding 28 crore from cyber scams. Chennai: Following the arrest of four young men from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) announced on Saturday that the accused individuals, identified as Tamilarasan Kuppan (29), Prakash (26), Aravindan (23), and Ajith (28), established shell companies and opened bank accounts to launder illicit funds acquired from various cyber scams. Conducting searches in Tiruvallur, the ED seized an account with a deposit of 2.8 crore under the name of a shell company called Cyberforest Technology Private Limited in Bandhan Bank. This case involves the defrauding of a Jaipur businessman for 2.6 crore by Chinese fraudsters, who impersonated various central government agencies. Jaipur cybercrime police initiated a case in early September, prompting the ED's investigation based on numerous FIRs filed by state police across India, ultimately leading them to Tiruvallur.Up to now, 17 searches have been carried out, resulting in the seizure of evidence such as mobile phones and other electronic devices. The investigation conducted under PMLA, 2002 has revealed illicit gains exceeding 28 crore rupees derived from cyber scams.