💨 Abstract

The Enforcement Directorate (ED) has filed a fresh chargesheet against five accused in a case of cyber fraud involving a UAE-based payment platform PYYPL, which defrauded Indians of Rs 300 crore. The ED has arrested eight people and claimed that an organized criminal syndicate operated through multiple Telegram groups to defraud hundreds of victims, convert funds into crypto currency, and transfer them back to private crypto wallets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖