In Chennai, the Enforcement Directorate (ED) announced on Saturday the arrest of four individuals from Pallipattu in Tiruvallur district for their involvement in cyber fraud. The accused, Tamilarasan Kuppan (29), Prakash (26), Aravindan (23), and Ajith (28), were found guilty of setting up shell companies and bank accounts to launder money obtained through various cyber fraud activities.

Following a transaction of 2.6 crore through a suspicious bank account in Tiruvallur, the ED conducted searches and apprehended the four individuals. A Bengaluru court granted the investigation agency four days of custody for further inquiry.

The group collaborated with Chinese scammers in a WhatsApp group to facilitate the laundering of illicit funds through shell companies. Tamilarasan, along with Ajith, Prakash, and Aravindan, managed a syndicate to provide support to cyber fraudsters by arranging dummy directors, addresses, and documentation for the shell companies. They liaised with bank staff to open accounts for the illegal proceeds from cyber fraud activities.

An account holding 2.8 crore under the name of a shell company named Cyberforest Technology Private Limited in Bandhan Bank was frozen by the agency. This case emerged from the fraudulent scheme that swindled a Jaipur businessman of 2.6 crore, orchestrated by Chinese fraudsters impersonating central government agencies. The ED intervened in response to multiple FIRs filed by state police across the country, eventually tracing the transactions to Tiruvallur.

Previously, the ED had detained Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj in Bengaluru in August. To date, the agency has conducted 17 searches, seizing evidence such as mobile phones and digital materials.Electronic devices. Investigation under PMLA, 2002 has, up to now, uncovered proceeds totaling more than 28 crore from cyber scams. Chennai: Following the arrest of four individuals from Pallipattu town in Tiruvallur district for their involvement in cyber fraud, the Enforcement Directorate (ED) stated that the accused individuals, namely Tamilarasan Kuppan, 29, Prakash, 26, Aravindan, 23, and Ajith, 28, established shell companies and opened bank accounts to launder money obtained from various cyber frauds. Subsequently, ED conducted searches in Tiruvallur relating to a 2.6 crore transaction through a suspicious bank account before apprehending the four suspects. A Bengaluru court handling ED cases has granted the agency four-day custody of the accused individuals. The group collaborated with Chinese scammers through a WhatsApp group, aiding in the laundering of funds acquired through cyber frauds. Tamilarasan, along with Ajith, Prakash, and Aravindan, managed a network to support cyber fraudsters by facilitating the setup of dummy directors, addresses, and documents for shell companies. They engaged with bank personnel to open accounts used for laundering proceeds of cyber frauds. The agency froze an account containing 2.8 crore in Cyberforest Technology Private Limited at Bandhan Bank as part of the investigation. This case involves a businessman in Jaipur being cheated out of 2.6 crore by Chinese fraudsters impersonating various central government agencies. Jaipur cybercrime police initiated a case in early September. ED's involvement stems from multiple FIRs filed by state police across the country, leading to the tracking of transactions to Tiruvallur. Previously, ED had arrested Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj in August in Bengaluru.Up to now, 17 searches have been carried out, leading to the confiscation of damning evidence such as mobile phones and other digital devices. In the ongoing investigation under the Prevention of Money Laundering Act, 2002, illicit gains totaling over 28 crore rupees from cyber fraud schemes have been uncovered.