New Delhi: The Enforcement Directorate (ED) has busted a major money laundering racket linked to a digital fraud carried out through so-called digital arrests. The agency on Friday conducted searches at 11 locations across Punjab, Haryana, Rajasthan, Gujarat and Assam in connection with the case involving Ludhiana-based businessman SP Oswal.
During the searches, the ED seized several incriminating documents and digital evidence. The alleged mastermind of the racket, Rumi Kalita, has been arrested under the Prevention of Money Laundering Act (PMLA) and has been sent to ED remand till January 2, 2026.
According to the ED, the action was taken under the PMLA, 2002. The probe was initiated on the basis of an FIR registered under the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023 at the Cyber Crime Police Station in Ludhiana. Subsequently, nine other cases linked to the same gang were also taken up for investigation.
The investigation revealed that the accused intimidated SP Oswal during a digital arrest by posing as officers of the Central Bureau of Investigation (CBI). They allegedly showed fake government and judicial documents to pressure him into transferring money. Using this method, the fraudsters forced the businessman to transfer around ₹7 crore to multiple bank accounts, the ED said.
