ED Attaches Rs 1.76 Crore in Ludhiana Industrialist's Digital Arrest Case

• The Enforcement Directorate (ED) attached Rs 1.76 crore from a mule bank account linked to the digital arrest of Ludhiana industrialist S P Oswal.
• S P Oswal, chairman of Vardhman Group, was digitally arrested by fraudsters impersonating CBI officers in August 2023, extorting Rs 7 crore.
• The attached funds were in the account of Mrityunjya Multitrade, used for routing proceeds from cybercrimes like digital arrests.
• Mule accounts, often opened using fake or hired KYC, are used to launder illicit funds from financial crimes.
• Digital arrests, where criminals impersonate officials to extort money, are illegal in India; victims should contact police or helpline 1930.