The cyber crime wing of the West Bengal Police has arrested industrialist Pawan Kumar Ruia in connection with an alleged Rs 315 crore cyber fraud case. The arrest comes after months of investigation, searches and interrogation linked to suspected financial irregularities.
Alleged routing of fraud money
According to allegations, funds generated through various online frauds across the country were reportedly deposited into bank accounts linked to Pawan Kumar and his family members. During the probe, cyber experts traced transactions amounting to Rs 315 crore.
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Investigators suspect that the money was routed through multiple accounts connected to the industrialist and his associates. The case was registered after the cyber crime department initiated a suo motu FIR in November last year.
Shell companies under scanner
Authorities claimed that Pawan and several of his family members owned multiple shell companies. These entities were allegedly used to park funds obtained through cyber fraud activities.
Following these claims, search operations were conducted at Pawan’s residence. Officials examined financial records and other documents during the searches as part of the investigation.
Legal relief earlier, arrest now
As the probe intensified, the cyber crime department moved to take Pawan into custody for questioning. However, he approached the Calcutta High Court seeking anticipatory bail.
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In December, the High Court granted the plea with conditions. The court directed the accused to submit their passports to the district court.
Apart from Pawan Ruia, his son Raghav Ruia and daughter Pallavi Ruia have also reportedly been named in the case. The investigation is ongoing.
