New Delhi, Aug. 6 -- The Enforcement Directorate (ED) on Wednesday conducted search operations at 11 locations across Delhi, Noida, Gurugram, and Dehradun in connection with a massive global cyber fraud case involving Rs 260 crore illegal cryptocurrency transactions and international money laundering.

The investigation, launched under the provisions of the Prevention of Money Laundering Act (PMLA), is based on First Information Reports (FIRs) registered by the Central Bureau of Investigation (CBI) and Delhi Police.

Officials said the fraudsters targeted both Indian and foreign nationals by impersonating police officers or other law enforcement personnel.

"Victims were threatened with arrest and coerced into transferring their money," s...