Business: Bengal Police has busted a cyber fraud racket worth Rs 317 crore. The role of 148 fake companies has come to light in this case. Police have raided the house and offices of businessman Pawan Ruia.

1379 people were made victims across the country
According to the police, investigation revealed that around 1,379 people across the country were made victims of this cyber fraud, from whom a total of Rs 317 crore was defrauded. This amount was sent through the bank accounts of 148 fake companies and later it was transferred to many fake accounts. Also, registration of many companies was found at the same address.

Rs 170 crore was converted into cryptocurrency
The official said that preliminary investigation has revealed that about Rs 170 crore defrauded was converted into cryptocurrency, so that the police could not track that money.

Names of businessman Pawan Ruia and his family members included
In this matter, a suo motu FIR was registered at Barrackpur Cyber ​​Crime Police Station on 5th November. The FIR includes the names of Pawan Ruia, his family members and close associates. The investigation found that 11 directors associated with companies controlled by Ruia are also on the boards of 186 other companies across the country.

Police conducted simultaneous raids at several places in Kolkata, including ‘Ruia Centre’ at Park Circus, Dunlop Industrial Products Private Limited at 129 Park Street, Berger House under Park Street police station and Ruia’s residence in Ballygunge.