New Delhi, Feb. 17 -- The Enforcement Directorate (ED), Jalandhar Zonal Office, today said it has attached a bank balance of Rs 1.76 crore in connection with a PMLA case related to the alleged digital arrest fraud involving industrialist S. P. Oswal.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR (first information report) registered by the Cyber Crime Police Station, Ludhiana under the BNSS.
According to the agency, the investigation revealed that proceeds of crime generated from eight other cyber-crime cases were also credited in 2024 to the bank account of Frozenman Warehousing and Logistics.
The ED alleged that during the so-called digital arrest of S. P. Oswal, fraudsters imper...