Chennai: Following the arrest of four young individuals from Pallipattu town in Tiruvallur district in connection with cyber fraud, the Enforcement Directorate (ED) stated on Saturday that the accused, 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 fraud activities. 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. A Bengaluru court granted the ED four-day custody of the accused. These individuals were part of a group on WhatsApp that included Chinese scammers, through which they facilitated the laundering of funds from cyber frauds by setting up shell companies. The agency froze an account holding 2.8 crore in the name of a shell company called Cyberforest Technology Private Limited in Bandhan Bank. This case involves the fraudulent activities of Chinese scammers posing as government agencies, resulting in a businessman from Jaipur being cheated out of 2.6 crore. The Jaipur cybercrime police initiated an investigation in early September, leading to the ED's involvement based on FIRs filed by various state police departments nationwide. In a previous operation in Bengaluru, the ED had arrested Shashi Kumar M, Sachin M, Kiran S K, and Charan Raj. The agency has conducted 17 searches and seized evidence including mobile phones and digital devices.Electronic devices have been used in cyber scams that have generated over 28 crore rupees. The Enforcement Directorate (ED) has arrested four individuals in connection with cyber fraud in Pallipattu town, Tiruvallur district. The accused, Tamilarasan Kuppan, Prakash, Aravindan, and Ajith, set up shell companies and bank accounts to disguise the proceeds of crime from cyber frauds. Following an investigation into a suspicious bank transaction of 2.6 crore rupees, the ED conducted searches and made the arrests. The gang, collaborating with Chinese scammers, operated a scheme to launder money from cyber frauds through shell companies. The ED agency obtained custody of the accused for four days. The accused ran a syndicate to assist cyber fraudsters by providing them with dummy directors, addresses, and documents for shell companies. The agency uncovered a bank account with 2.8 crore rupees linked to a shell company called Cyberforest Technology Private Limited. This case is related to a businessman in Jaipur being scammed by Chinese fraudsters impersonating government agencies. The ED's investigation is based on multiple FIRs from state police across India, with transactions leading to Tiruvallur. Previous arrests were made in Bengaluru in a similar case involving cyber fraud.Up to this point, 17 searches have been carried out and incriminating evidence such as mobile phones and other digital devices has been seized. The investigation under the Prevention of Money Laundering Act, 2002 has identified proceeds of over 28 crore from cyber scams.