The Enforcement Directorate(ED) launched an investigation at 11 locations across five states in connection with a money laundering probe linked to a digital arrest scam.
Ludhiana-based industrialist S P Oswal was allegedly cheated of ₹ 7 crore, officials confirmed on Thursday.
The searches were carried out on Monday in Punjab, Haryana, Rajasthan, Gujarat and Assam under the Prevention of Money Laundering Act (PMLA), 2002.
According to the ED, various incriminating documents and digital devices were seized during the operation.
The agency on Tuesday arrested Rumi Kalita from Assam for allegedly providing mule accounts used to divert the cheated funds.
Officials said the money was routed through multiple mule accounts, with Kalita allegedly receiving a share in exchange for facilitating transactions.
Kalita has been remanded to ED custody till January 2, 2026. The probe is based on 10 FIRs registered by different police authorities in cybercrime and digital arrest cases linked to the same network.
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