Overview
- The frozen balance was found in the mule entity Mrityunjya Multitrade, flagged as a conduit for proceeds from multiple cybercrimes.
- ED officials say fraudsters posing as CBI officers extorted ₹7 crore from Ludhiana industrialist S.P. Oswal in August 2023.
- Investigators tracked credits and transfers involving Frozenman Warehousing and Logistics and Rigglo Ventures before diversion into multiple mule accounts.
- A share of the funds was layered via shell entities and routed abroad using trade-based mechanisms, with remaining proceeds moved into virtual digital assets.
- Accused Rumi Kalita and Arpit Rathore were arrested in late December 2025 and remain in judicial custody, with the case proceeding from a Ludhiana cyber police FIR.