Chennai: Following the arrest of four individuals from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) announced that the accused Tamilarasan Kuppan, Prakash, Aravindan, and Ajith, established shell companies and opened bank accounts to launder money obtained from various cyber fraud schemes. The ED conducted searches in Tiruvallur in connection with a suspicious transaction of 2.6 crore through a bank account before apprehending the suspects. A court in Bengaluru has granted the agency four-day custody of the accused group. The individuals were active members of a WhatsApp group where Chinese scammers were also involved. They helped the scammers in laundering money acquired from cyber frauds through shell companies by providing dummy directors and addresses. The agency discovered and froze an account with a deposit of 2.8 crore under the name of a shell company named Cyberforest Technology Private Limited in Bandhan Bank. This case involves defrauding a businessman in Jaipur for 2.6 crore by Chinese fraudsters posing as government authorities. The ED initiated the investigation based on multiple FIRs filed by state police across the country and traced the funds to Tiruvallur. Prior to this, the ED had arrested four individuals in Bengaluru. The agency has conducted 17 searches and seized various incriminating items, including mobile phones.Electronic devices. Under the Prevention of Money Laundering Act, 2002, an investigation has revealed proceeds of over 28 crore coming from cyber scams. Following the arrest of four individuals in Pallipattu town, Tiruvallur district for their role in cyber fraud, the Enforcement Directorate (ED) confirmed that the accused - Tamilarasan Kuppan, Prakash, Aravindan, and Ajith - established shell companies and bank accounts to launder illicit funds from cyber scams.

After conducting searches in Tiruvallur related to a suspicious transaction of 2.6 crore, the ED apprehended the four suspects. The Bengaluru court handling ED cases has granted the agency four-day custody of the accused.

Operating in collaboration with Chinese scammers, the gang facilitated the laundering of money earned from cyber fraud through shell companies. Tamilarasan and his associates orchestrated schemes to provide false information for the shell companies, including dummy directors and addresses. They collaborated with bank personnel to open accounts for laundering the proceeds of crime from cyber scams.

The ED froze an account containing a deposit of 2.8 crore under the name of a shell company named Cyberforest Technology Private Limited in Bandhan Bank. This case involves the defrauding of a businessman in Jaipur by Chinese fraudsters pretending to be government agencies. The ED initiated its investigation based on multiple FIRs from various state police, ultimately tracing the transaction back to Tiruvallur. In a separate incident, the ED previously arrested four individuals in Bengaluru.As of now, 17 searches have been carried out, 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 derived from cyber scams.