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The Enforcement Directorate (ED) has provisionally attached seven immovable properties worth ₹11.26 crore linked to a person accused of running an illegal Noida-based call centre that was involved in cyber fraud.
“The attached assets comprise residential properties registered in the name of Tushar Kharbanda and his family members situated in Delhi-National Capital Region as well as in Dubai, United Arab Emirates,” said the agency.
The ED probe is based on the cases registered by the Central Bureau of Investigation and the Delhi Police against Mr. Kharbanda and others. It was alleged that the syndicate members targeted foreign nationals by posing as law enforcement officials and extorted huge amounts from them on the threat of arresting them or freezing their bank accounts.
The funds were converted into cryptocurrencies and transferred to the wallets allegedly controlled by Mr. Kharbanda.
According to the ED, Mr. Kharbanda, in conspiracy with his other accomplices, gathered over 351 bitcoins (currently worth ₹280 crore) in multiple crypto-wallets. The proceeds were further converted into USDTs and transferred to various wallets and persons for conversation into fiat currency.
The agency alleged that funds were routed from the UAE to India via non-banking channel. Several properties were also bought in the UAE, two of which are still registered in the name of the main accused and have been attached.
On August 6, the ED had searched the premises linked to Mr. Kharbanda and his accomplices, which led to the detection of properties located in the UAE and Noida. Cryptocurrencies valued at ₹28.90 lakh as on September 9 were also attached.
Published – November 19, 2025 10:07 pm IST
