West Bengal Police’s cybercrime wing uncovered a ₹317-crore online fraud involving 148 shell companies and businessman Pawan Ruia. Raids at his residence and offices revealed funds diverted through fake firms, with ₹170 crore allegedly converted into cryptocurrency to evade detection

Kolkata: The cybercrime wing of West Bengal Police has busted a Rs 317-crore online fraud involving 148 shell companies and raided the home and offices of businessman Pawan Ruia for his alleged links to the racket, an officer said on Tuesday.

Police teams searched Ruia’s residence and offices, as well as those of several of his associates, last Thursday after their names figured in an FIR registered in connection with a nationwide cyber fraud case, the officer said.

“A meticulous investigation unveiled the

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