₹641 Crore QR Code Scam: ED Arrests CAs as Fraud Money Reaches Dubai, Crypto Used

• ED uncovers a massive ₹641 crore cyber fraud involving QR code scams, fake investment, and part-time job offers targeting thousands nationwide.
• Fraudulent funds were laundered through mule accounts and a network of dummy/shell companies in India, eventually reaching Dubai via prepaid cards and also converted into Virtual Digital Assets on Binance.
• Enforcement Directorate arrested Chartered Accountants Ashok Kumar Sharma and Bhaskar Yadav for their alleged role in managing the sophisticated money laundering operation.
• The entire network, operating from Delhi's Bijwasan area, controlled over 20 interconnected shell companies used solely for circulating illicit money.
• The arrested CAs had their anticipatory bail pleas rejected by the Supreme Court, leading to their surrender and subsequent arrest under Section 19 of PMLA.