Delhi cyberfrauds siphoned Rs 4,900-cr cyber crime money abroad: ED

The Enforcement Directorate arrested two Delhi-based cyber criminals, Punit Kumar and Ashish Kakkar, for siphoning off over Rs 4,900 crore abroad by misusing SEZ facilities. They allegedly used more than 200 companies for laundering money obtained from online frauds by engaging in circular transactions of highly over-valued imported goods through SEZs and re-exported them without processing.