ED Arrests Two in Pan-India Cyber Fraud Crackdown
· Business · The Hindu, Hindustan Times, Indian Express
The Enforcement Directorate has arrested Fahim Moin Hussain Sayed and Naim Mueen Sayyed from Mumbai in connection with a pan-India cyber fraud and digital arrest investigation involving transactions worth ₹30,000 crore. The probe stems from a Goa woman who was allegedly duped into transferring ₹2.60 crore between May and June 2025 into secret supervision accounts. Investigators suspect the criminal network utilized bank transactions worth ₹27,000 crore and cash dealings of ₹3,000 crore, factoring into approximately 150 to 160 FIRs across 20 states and union territories. The ED produced the accused before a special PMLA court in Mumbai to secure transit remand for Panaji, Goa, where the case is registered. The agency previously seized about ₹3.25 crore in cash during searches across Goa and Mumbai.
Why it matters
This major crackdown exposes sophisticated syndicates executing multi-crore digital arrest scams across India, highlighting vulnerabilities in banking channels and corporate shell entities.
Read the original report — The Hindu
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.