West Bengal Police arrest industrialist Pawan Ruia in cyber fraud case
The West Bengal Police’s Cyber Crime Wing has arrested industrialist Pawan Ruia, chairman of the Ruia Group, in connection with an alleged multi-crore cyber fraud operation, media reports said.
According to investigators, Ruia is suspected to have links to a wider cybercrime network accused of defrauding victims across the country through sophisticated online scams.
Officials claim that the illicit funds were reportedly funneled through a web of shell companies and layered financial transactions to obscure their origin.
The case is part of a broader probe into a massive cyber fraud racket involving over ₹300 crore, where funds from victims across India were allegedly funneled through a complex web of fake firms to conceal their origin
The arrest follows a series of coordinated raids at properties associated with the businessman as part of an ongoing probe into a pan-India cyber fraud estimated to run into hundreds of crores.
Police said the investigation is continuing, with efforts underway to uncover the full scope of the racket and track down other individuals involved.
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