Massive Crackdown: ED Busts Rs 100 Crores Cyberfraud Network in Maharashtra and Gujarat

In a significant breakthrough, the Enforcement Directorate (ED) has launched a sweeping crackdown in connection with an alleged Rs 100 crores cyberfraud case. The raids, conducted across various locations in Maharashtra and Gujarat, mark a crucial step in unearthing one of the largest tech-based financial crimes in recent years.

The Rs 100 crores cyberfraud is suspected to involve a web of shell companies, money laundering, and digital payment scams orchestrated through complex networks operating on both domestic and international fronts. Sources in the ED confirmed that the operations, conducted simultaneously in multiple cities, were aimed at disrupting the financial flow of the fraudulent network.

ED Targets Multiple Premises in Rs 100 Crores Cyberfraud Case

The ED carried out early morning raids on June 25, targeting more than a dozen premises spread across Mumbai, Pune, Ahmedabad, Surat, and Vadodara. According to officials, several documents, digital devices, and electronic records were seized during the operation. These materials are now being scrutinized to gather concrete evidence linked to the Rs 100 crores cyberfraud operation.

Officials familiar with the case stated that a combination of phishing attacks, digital payment app frauds, and identity theft was used to siphon off funds. The money was reportedly routed through fake companies and then layered through cryptocurrency wallets and offshore accounts.

Cyberfraud Network Involved Shell Firms and Digital Wallets

The Rs 100 crores cyberfraud came to light during a forensic audit conducted by a major financial institution, which noticed suspicious transactions amounting to several crores in a very short period. Upon raising red flags with the central authorities, the ED initiated its preliminary investigation and began tracking the movement of funds.

During the raids, investigators uncovered a network of shell firms operating under fictitious names. These companies existed only on paper and were primarily used to launder illicit funds. Digital wallets, too, played a key role, with fraudulent transactions being carried out through multiple e-wallet apps using stolen credentials.

Masterminds Under Scanner in Rs 100 Crores Cyberfraud Case

The ED has identified several key suspects believed to be the masterminds of this cyberfraud. While their identities are being kept confidential for operational reasons, it is understood that some of them have links to international hacking groups and underground digital syndicates.

Sources confirmed that these individuals were running fraudulent call centers, where unsuspecting victims were lured into investing in bogus schemes or transferring money through fake job offers and online scams. Some also operated tech companies as fronts to gain access to databases and confidential banking information.

Rs 100 Crores Cyberfraud Operation Likely to Expand Nationwide

With growing evidence and leads emerging from the raids, officials believe that the Rs 100 crores cyberfraud may have links to other states beyond Maharashtra and Gujarat. The ED is now coordinating with the cybercrime units of different states, as well as national intelligence agencies, to further expand the probe.

The possibility of the fraud network using data leaks from the dark web has also not been ruled out. A special forensic team has been deployed to examine the hardware and software seized from the raided premises.

Government Applauds ED’s Swift Action

In the wake of the raids, several government officials and cybersecurity experts have applauded the ED’s swift and calculated action in tackling such a massive cyberfraud operation. The Ministry of Home Affairs has reiterated its commitment to cracking down on digital financial crimes and protecting citizens from rising online threats.

A senior official commented, “This action sends a strong message that digital crime will not be tolerated. It’s a major milestone in ensuring cybersecurity and financial integrity in the country.”

Cybersecurity Experts Warn of Rising Online Scams

As investigations in the Rs 100 crores cyberfraud case continue, cybersecurity experts are warning the public to remain vigilant. With online transactions becoming more widespread, the risks of falling victim to digital scams have also increased.

Users are advised to follow basic cyber hygiene practices—such as not sharing OTPs or passwords, avoiding suspicious links, and regularly updating antivirus software—to safeguard themselves from such frauds.