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KOLKATA: Kolkata-based industrialist Pawan Ruia, erstwhile known arsenic the "turnaround tycoon" who would bargain sick companies successful a bid to marque them profitable, has been named on with his kin successful a cyber fraud lawsuit involving 148 ammunition companies that were allegedly utilized to parkland Rs 317 crore successful amerciable proceeds of online crime. Bengal police's cybercrime helping said Monday they raided Ruia's residence and offices past Thursday aft naming him, members of his contiguous household and immoderate associates successful an FIR originating from an probe into an idiosyncratic ailment that led sleuths to the bosom of a countrywide racket. "A meticulous probe unveiled the nonstop engagement of a ample cyberfraud racket. Evidence reveals that implicit 1,379 complainants crossed West Bengal and different parts of India were cheated of astir Rs 317 crore," constabulary said.
"These funds were routed done galore slope accounts of 148 ammunition companies, galore of which shared the aforesaid registered address, and were subsequently siphoned disconnected to assorted mule accounts.
" The fraudsters converted a important information - preliminary findings suggested Rs 170 crore - of the cheated wealth into cryptocurrency to evade detection and freezing by law-enforcement agencies. Police filed a suo motu FIR astatine Barrackpore Cyber Crime Police Station connected Nov 5.
The FIR mentions that the ammunition companies linked to Ruia person 11 directors who are besides portion of the boards of 186 companies crossed India. The adjacent day, teams from the cybercrime helping raided Ruia Centre astatine 46 Syed Amir Ali Avenue, Park Circus, Dunlop Industrial Products Pvt Ltd, 129 Park Street, Berger House nether Park Street constabulary station, and Ruia's residence successful southbound Kolkata's Ballygunge. Pawan Ruia is inactive to respond to TOI's attempts to scope retired to him for comment.
