Chennai, November 5, 2026 (Yes Punjab News)
The Enforcement Directorate (ED), Chennai Zonal Office, has arrested two persons, identified as Roshan Fiaz and Ammar, in connection with an investigation into alleged online fraud and suspected money laundering.
The arrests were made on October 30 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Both accused were produced before the Special PMLA Court in Chennai, which remanded them to 14 days of judicial custody.
The agency is investigating the alleged movement of funds generated through online fraud, including the suspected use of banking channels and digital financial transactions to conceal their origin.
In an earlier investigation linked to Roshan Fiaz, the ED had conducted searches at multiple locations across Tamil Nadu, Kerala and Srinagar in July. The searches reportedly led to the seizure of cryptocurrency assets and examination of suspected mule bank accounts and shell companies.
Reports on the latest investigation indicate that the alleged fraud network may have cheated hundreds of victims across the country, with the suspected amount exceeding Rs 400 crore. The alleged schemes involved fraudulent investment opportunities and employment-related offers.
The ED is examining the suspected financial transactions and possible links between the accused and other individuals or entities. The allegations against Roshan Fiaz and Ammar remain subject to judicial determination.
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