West Bengal Police bust Rs 317 cr cyber fraud racket

The cybercrime wing of West Bengal Police has busted a Rs 317-crore online fraud involving 148 shell companies and raided the home and offices of businessman Pawan Ruia for his alleged links to the racket, an officer said on Tuesday.

Police teams searched Ruia’s residence and offices, as well as those of several of his associates, last



Thursday after their names figured in an FIR registered in connection with a nationwide cyber fraud case, the officer said.

“A meticulous investigation unveiled the direct involvement of a cyber fraud. Over 1,379 complainants across West Bengal and other parts of India were cheated of approximately Rs 317 crore,” police said in a statement on Monday.