India, Dec. 29 -- A resident of Assam, Rumi Kalita, has been arrested by the Enforcement Directorate (ED) in connection with a cyber fraud that cheated Ludhiana-based industrialist S P Oswal of over Rs 7 crore, officials said.

The ED alleged that Kalita managed and used mule accounts to transfer the stolen funds in exchange for a fixed share. "The money obtained from victims was quickly routed through several mule accounts, and Rumi Kalita used the account credentials in return for a percentage of the defrauded sum," an ED spokesperson explained.

Kalita appeared before a court and was placed in ED custody until January 2, 2026. Investigators stated that evidence collected during multiple searches indicates her significant involvement in...