Punjab’s industrial heartland felt the heat of financial crime enforcement as ED’s Jalandhar unit provisionally attached ₹1.76 crore on February 14, 2026, in a money laundering case tied to digital arrest swindles. The funds, held in M/s Mrityunjay Multitrade’s account, served as a conduit for dirty money from cyber scams, including a ₹7 crore heist on Vardhman Group’s S.P. Oswal.
Posing as CBI sleuths, the scammers in August 2023 trapped Oswal in a web of fabricated legal threats, extracting cash via a labyrinth of 200 mule accounts. Rumi Kalita, partnering with Atanu Chaudhary, whitewashed proceeds through Frozenman Warehousing, while Riglo Ventures absorbed other illicit inflows. On August 28, 2024, fresh cyber loot landed in these accounts, eventually layered abroad through sham trade deals.
Building on FIR from Ludhiana’s cyber cell, ED’s multi-phase raids in 2025 nabbed Kalita and Rathore, who now face trial. The syndicate’s tally includes ₹1.73 crore from fellow victims, painting a picture of organized cyber terror with global tentacles. This attachment marks a pivotal win, but ED’s ongoing scrutiny promises to unravel more layers, safeguarding India’s economy from such predatory schemes.