ED arrests RTGS agent in Rs 417 crore digital arrest network

The Enforcement Directorate arrested an RTGS agent named Mukesh Kumar Pukhraj Jain, also known as Mukesh Bhai, under the Prevention of Money Laundering Act regarding a digital arrest cyber fraud network. The investigation began after a Goa resident filed a complaint at the North Goa Cyber Crime Police Station, alleging she was kept on a video call, falsely told she faced criminal investigation, and pressured to transfer about Rs 2.6 crore into designated supervision accounts.

Investigators revealed that the defrauded funds were channeled through a network of shell companies established specifically to receive cyber fraud proceeds. These funds were subsequently withdrawn as cash and converted into foreign currency. Accounts linked to this network appeared in over 300 victim complaints and more than 160 FIRs across twenty states and union territories, with total reported losses reaching approximately Rs 417 crore.

The arrested RTGS agent allegedly utilized brokers to funnel money into the network's bank accounts, receiving cash and commissions in return. Authorities stated that he admitted to knowing the funds originated from cyber crimes, particularly digital arrest scams. During searches, the agent reportedly destroyed mobile phones and records containing evidence, failed to appear for scheduled statements, and provided evasive answers to investigators.

The Enforcement Directorate continues to examine the bank accounts, brokers, and cash handlers connected to the suspect. The broader case highlights a coordinated conspiracy where online fraud proceeds were systematically laundered through controlled domestic accounts and transformed into foreign currency and physical cash for overseas transfer.

Not yet reported: The articles do not mention specific court outcomes or the identities of the main organizers running the company network.