New Delhi, Sept. 25 -- A Special PMLA Court in New Delhi has rejected the bail plea of Bhupesh Arora, a key accused economic offender in one of the country's largest cyber-enabled investment frauds, carried out through the LOXAM app.
Arora was arrested by the Enforcement Directorate (ED) on July 11, after evading law enforcement for several years.
He had fled to Dubai in early 2022, along with associates, to escape ongoing cyber fraud investigations, and was apprehended upon his clandestine re-entry into India via the Nepal border.
The ED launched a PMLA investigation against Xindai Technologies Pvt Ltd, Bhupesh Arora, Rohit Vij, and others, based on a First Information Report (FIR) registered by the Cyber Police in Hyderabad.
The FIR a...