<h1>ED raids multiple locations under PMLA in Rs 260 crore global cyber fraud case involving crypto laundering</h1> The Enforcement Directorate conducted searches at multiple locations in the national capital region and Uttarakhand under the Prevention of Money Laundering Act in connection with a global cyber fraud involving impersonation of law enforcement and technical support personnel. The accused defrauded Indian and foreign victims of crores of rupees by threatening arrest and posing as officials from agencies and companies. Proceeds from the fraud were converted into cryptocurrencies, primarily Bitcoins, totaling approximately Rs 260 crore, which were then laundered through conversion into USDT and cash via hawala networks and individuals in the UAE. The investigation follows FIRs filed by central and local law enforcement agencies.