Jalandhar, February 17: The Jalandhar zonal office of the Enforcement Directorate (ED) issued a provisional attachment order on February 14, 2026, under the Prevention of Money Laundering Act (PMLA), 2002. This order has resulted in the freezing of ₹1.76 crore linked to a money laundering case involving S.P. Oswal’s digital arrest.
The attached amount was found in the bank account of a mule entity, M/s Mrityunjay Multitrade. This account was reportedly used to receive and transfer illicit funds generated from various cyber crimes and digital arrest cases. The ED initiated its investigation based on an FIR registered under BNS-2023 by the Cyber Crime Police Station in Ludhiana.
The investigation revealed that the fraudsters impersonated officials from the Central Bureau of Investigation (CBI) to instill fear in S.P. Oswal, a prominent industrialist and chairman of the Vardhman Group. In August 2023, they defrauded him of ₹7 crore.
Accused individuals, Roomi Kalita and Arpit Rathore, transferred this amount through multiple mule accounts. Roomi Kalita, along with Atanu Chaudhary, used the bank account of M/s Frozenman Warehousing and Logistics to launder the illicit income. Similarly, funds from other cyber crimes were deposited into accounts of M/s Riglo Ventures Private Limited.
The ED’s investigation uncovered a systematic transfer of crime proceeds across numerous mule bank accounts, facilitating the concealment and diversion of funds. A portion of the money was sent through shell entities and transferred abroad using a trade-based money laundering mechanism. Additionally, earnings from other cyber crimes were deposited into the Frozenman Warehousing account on August 28, 2024. These mule accounts were opened by deceiving economically vulnerable individuals with false promises of loans or jobs.
The ED has previously taken action in this case, conducting searches on January 31, 2025, December 22, 2025, and December 31, 2025. Roomi Kalita was arrested on December 23, 2025, while Arpit Rathore was apprehended on December 31, 2025. Both are currently in judicial custody. The investigation has revealed that this gang has also defrauded other victims of approximately ₹1.73 crore, utilizing over 200 mule accounts.
The ED claims that the investigation has exposed a large network of cyber fraud, which includes connections to foreign criminals. Further inquiries are ongoing, with additional evidence being gathered and potential other suspects expected to emerge.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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