The Enforcement Directorate disclosed on October 1 that it had arrested Sohel Akhtar, also known as Raju, in the investigation into a ₹7-crore cyber-fraud involving industrialist S. P. Oswal. The agency announced on Thursday that the arrest took place in Kolkata on September 28.
The Tribune and The Statesman reported that a Kolkata court granted transit remand and that a special money-laundering court in Jalandhar subsequently ordered custody until October 6. The ED alleges that Akhtar helped arrange bank accounts used to move the disputed funds. It also said nine further cybercrime FIRs had been included in its investigation.
The inquiry began from a Ludhiana cybercrime police case concerning fraudsters impersonating investigative and judicial officials. The alleged financial network and individual responsibility remain matters for investigation and court proceedings. The reports reviewed did not contain Akhtar’s response. Arrest and custodial questioning do not amount to conviction.