The Directorate of Enforcement (ED), Jalandhar Zonal Office, on January 29, 2026, carried out search operations at nine locations across Punjab, Haryana and Delhi as part of its investigation into an international money laundering network allegedly involved in large-scale financial fraud targeting US citizens.
The searches were conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and covered residential premises linked to key accused, including Jony, Daksh Sethi, Gaurav Verma, and others, the agency said.
The ED initiated the probe on the basis of an FIR registered by the Central Bureau of Investigation (CBI) under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), 2023, following information shared by the Federal Bureau of Investigation (FBI), United States. The information pertained to an organised fraud network that allegedly cheated American nationals of millions of dollars through deceptive call centre operations operating out of India.
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According to the ED, its investigation revealed the existence of an illegal call centre, operating under the name “Digicamps – The Future of Digital”, which employed around 36 individuals. Key operatives included Jigar Ahmed, Yash Khurana, Inderjeet Singh Bhalli, and Nikhil Sharma, who were allegedly working under the direct supervision of Jony, Daksh Sethi and Gaurav Verma.
The accused allegedly posed as technical support service providers and contacted victims in the United States under false pretences. During these calls, the victims were allegedly deceived into believing that their systems or financial accounts were compromised. The fraudsters are accused of stealing sensitive personal and financial information of the victims during these interactions.
The ED stated that the accused further intimidated the victims by posing as officials of the Internal Revenue Service (IRS), USA, and threatened them with legal action and penalties. Under coercion, the victims were allegedly forced to transfer money into cryptocurrency accounts, which were controlled by the accused.
Investigations revealed that the funds were initially routed from the foreign victims’ bank accounts into crypto wallets, following which the proceeds of crime were layered and siphoned off for personal gain. The laundered money was allegedly channelled through shell entities, including Bliss Infra Properties LLP and Bliss Infra Ventures LLP, to disguise the illicit origin of the funds.
The ED further found that a significant portion of the proceeds of crime was invested in real estate assets, both to park the illicit gains and to project them as legitimate investments. During the course of the search operations, the agency recovered various digital devices, including laptops, mobile phones and storage media, which are believed to contain crucial evidence linked to the fraud and money laundering activities.
The searches also resulted in the seizure of ₹34 lakh in unaccounted cash, the ED said. In addition, investigators recovered incriminating documents and digital records indicating the accused persons’ involvement in high-value investments and acquisition of immovable properties in India and abroad.
Officials said the recovered material is expected to provide critical leads on the scale of the fraud, the flow of funds, and the international linkages of the network. The digital evidence is being analysed to trace additional beneficiaries, identify further assets acquired from the proceeds of crime, and uncover the full extent of the cross-border financial operations.
The ED said the investigation is ongoing and further action under the PMLA, 2002, will be taken based on the outcome of the searches and forensic examination of the seized material. The agency reiterated that international cyber-enabled fraud and laundering of proceeds through crypto assets pose a serious threat to financial systems and will be dealt with strictly under the law.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
