Chennai: Following the arrest of four young individuals from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) announced that the accused individuals - Tamilarasan Kuppan, Prakash, Aravindan, and Ajith - had established shell companies and opened bank accounts to launder the proceeds from various cyber fraud schemes. The ED conducted searches in Tiruvallur after detecting a suspicious transaction of 2.6 crore through a bank account, leading to the arrest of the four suspects. The Bengaluru ED court approved a four-day custody for the accused. The group was part of a WhatsApp group involving Chinese scammers and assisted in laundering money earned through cyber frauds using shell companies. The agency revealed that Tamilarasan, along with Ajith, Prakash, and Aravindan, facilitated cyber fraudsters by providing dummy directors, addresses, and documents for shell companies, as well as arranging for bank accounts to launder the illicit funds. The ED froze an account containing 2.8 crore in the name of a shell company named Cyberforest Technology Private Limited at Bandhan Bank. The case involves a scam where Chinese fraudsters impersonating various government agencies cheated a Jaipur businessman of 2.6 crore. The ED initiated the investigation based on FIRs filed by state police across the country, tracing the transactions to Tiruvallur. Previously, four individuals were arrested in Bengaluru in August in connection with this case. The ED has conducted 17 searches and seized evidence, including mobile phones and digital materials.Investigation conducted under the Prevention of Money Laundering Act, 2002 has revealed that over 28 crore rupees were obtained from cyber scams. Following the arrest of four individuals from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) disclosed that these individuals, Tamilarasan Kuppan (29), Prakash (26), Aravindan (23), and Ajith (28), established shell companies and bank accounts to hide the proceeds from various cyber fraud schemes. Search operations carried out in Tiruvallur led to the detection of a suspicious bank transaction amounting to 2.6 crores, resulting in the apprehension of the four suspects. A Bengaluru court granted the ED a four-day custody of the accused for further investigation. These individuals collaborated with Chinese scammers in a WhatsApp group to facilitate the laundering of money obtained from cyber frauds using shell companies. The ED froze an account holding 2.8 crore rupees under the name of a shell company called Cyberforest Technology Private Limited in Bandhan Bank. The case involves a fraudulent act against a businessman in Jaipur by Chinese imposters pretending to be from various government agencies. The Jaipur cybercrime police initiated investigations in early September, leading to the involvement of the ED based on multiple FIRs registered across the country. In a separate incident, the ED had previously apprehended Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj in August in Bengaluru.Up to now, 17 searches have been carried out and incriminating material such as mobile phones and other digital devices has been seized. The investigation under the Prevention of Money Laundering Act, 2002 has revealed proceeds exceeding 28 crore from cyber scams.