6 months ago
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The Cyber Crime Wing of West Bengal Police has busted a ₹317-crore online fraud involving 148 ammunition companies and raided the location and offices of businessman Pawan Ruia for his alleged links to the racket, an serviceman said connected Tuesday (November 11, 2025).
Police teams searched Ruia’s residence and offices, arsenic good arsenic those of respective of his associates, past Thursday (November 6, 2025) aft their names figured successful an FIR registered successful transportation with a nationwide cyber fraud case, the serviceman said.
"A meticulous probe unveiled the nonstop engagement of a cyber fraud. Over 1,379 complainants crossed West Bengal and different parts of India were cheated of astir ₹317 crore," constabulary said successful a connection connected Monday (November 10, 2025).
"These funds were routed done galore slope accounts of 148 ammunition companies, galore of which shared the aforesaid registered address, and were subsequently siphoned disconnected to assorted mule accounts," it added.
Talking much astir their investigation, the serviceman said, "Preliminary findings suggest that astir ₹170 crore of the diverted funds was converted into cryptocurrency successful an effort to forestall instrumentality enforcement from tracing oregon freezing the assets.".
A suo motu FIR was registered astatine Barrackpore Cyber Crime Police Station connected November 5, the serviceman added. "The FIR names Ruia, members of his family, and adjacent associates, noting that 11 directors linked to Ruia-controlled entities besides clasp positions connected the boards of 186 different companies crossed India," the serviceman said.
Following the complaint, constabulary teams conducted coordinated searches astatine aggregate locations, including 'Ruia Centre' connected 46 Syed Amir Ali Avenue successful Park Circus, Dunlop Industrial Products Pvt. Ltd. connected 129 Park Street, Berger House nether the Park Street constabulary station, and Ruia's residence successful Ballygunge, helium added.
