Chennai: Following the arrest of four individuals from Pallipattu town in Tiruvallur district for engaging in cyber fraud, the Enforcement Directorate (ED) announced that the accused - Tamilarasan Kuppan, Prakash, Aravindan, and Ajith - set up shell companies and opened bank accounts to launder illegal proceeds from various cyber crimes. ED officials conducted searches in Tiruvallur related to a suspicious transaction of 2.6 crore through a bank account before apprehending the suspects. The Bengaluru ED court granted a four-day custody of the accused to the agency. The suspects were part of a WhatsApp group collaborating with Chinese scammers to facilitate money laundering for cyber fraud through shell companies. Tamilarasan, along with Ajith, Prakash, and Aravindan, established a network to help cyber criminals with setting up fake directors, addresses, and documentation for shell companies. A frozen account holding 2.8 crore under the name of Cyberforest Technology Private Limited was discovered in Bandhan Bank. This case involved a scam where Chinese fraudsters, impersonating central government agencies, swindled a businessman in Jaipur out of 2.6 crore, prompting the Jaipur cybercrime police's investigation. ED took on the case as part of a broader inquiry that stemmed from multiple FIRs filed by state police across India, ultimately tracing the illegal transaction to Tiruvallur. This incident comes after ED previously arrested Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj in Bengaluru. The agency has conducted 17 searches, seizing crucial evidence like mobile phones and digital data.Electronic devices. Investigation under the Prevention of Money Laundering Act, 2002 has uncovered proceeds exceeding 28 crore from cyber scams in Chennai. Following the arrest of four individuals from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) revealed that the accused - Tamilarasan Kuppan, Prakash, Aravindan, and Ajith - had set up shell companies and bank accounts to launder the illicit funds obtained from various cyber scams. The ED conducted searches in Tiruvallur after a suspicious transaction of 2.6 crore through a bank account, leading to the arrest of the group. The Bengaluru court overseeing ED cases granted the agency four-day custody of the accused. The gang, operating within a WhatsApp group with Chinese scammers, facilitated money laundering for cyber fraudsters through shell companies. They manipulated bank procedures to launder the ill-gotten gains. The ED froze an account holding 2.8 crore linked to a shell company named Cyberforest Technology Private Limited in Bandhan Bank. This case involves a businessman in Jaipur being defrauded by Chinese scammers impersonating government agencies, resulting in a 2.6 crore loss. The Jaipur cybercrime police initiated an investigation, which the ED later pursued based on multiple FIRs filed nationwide. The agency had previously arrested Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj in Bengaluru in August.Up to this point, 17 searches have been conducted, resulting in the seizure of incriminating material such as mobile phones and other digital devices. The ongoing investigation under the Prevention of Money Laundering Act, 2002 has revealed proceeds exceeding 28 crore rupees obtained through cyber scams.