<h1>Enforcement Directorate raids target Rs 100 crore cyber fraud money laundering scheme involving cryptocurrency</h1> The Enforcement Directorate conducted raids in Gujarat and Maharashtra investigating a money laundering case involving cyber fraud exceeding Rs 100 crore. The probe stems from a 2024 police complaint against multiple accused persons allegedly involved in digital arrest scams, fake cryptocurrency trading, and fraudulent law enforcement notices. The suspects reportedly collected victim funds through accounts opened with forged documents or dummy identities, then converted proceeds to cryptocurrency via hawala operators and transferred over Rs 100 crore abroad. The investigation falls under Prevention of Money Laundering Act provisions.