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Cybercrime crackdown: ED seizes Rs 8.5k cr assets; nationwide probe launched
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Times of India
Representative imageMoney trail traced to citiesNEW DELHI: ED has launched a massive nationwide drive against cybercrimes through its offices in more than 28 cities.
The special task force and two headquarters investigation units (HIUs) in Delhi have also been tasked with probing high-value cases.
So far, ED has arrested at least 106 accused persons and suspects.A two-day coordination meeting in Srinagar last month, chaired by ED director Rahul Navin, reviewed the spread of cybercrime and its impact on vulnerable sections of society.
A study presented at the meeting revealed how masterminds of scams and ponzi schemes operate from abroad, siphoning funds through hawala or crypto channels.
More than 160 searches yielded Rs 19 crore in cash, valuables worth Rs 17 crore, and freezing of bank/DEMAT accounts holding Rs 2,311 crore.