ED Attaches Properties Worth ₹11.26 Crore in Noida Call-Centre Cyber Fraud Case

The Enforcement Directorate (ED) has attached seven immovable properties worth ₹11.26 crore belonging to a man accused of running an illegal call centre in Noida that cheated foreign nationals through cyber fraud.

According to the agency, the attached assets include residential properties owned by Tushar Kharbanda and his family members in the Delhi-NCR region and in Dubai, UAE.

The ED began its investigation after the Central Bureau of Investigation (CBI) and the Delhi Police registered cases against Kharbanda and others. Officials said the group posed as law enforcement officers to threaten foreign nationals with arrest or freezing of their bank accounts, and then extorted large sums of money from them.

The extorted funds were allegedly converted into cryptocurrency and transferred to digital wallets controlled by Kharbanda. The ED claims that he and his associates collected more than 351 bitcoins—currently valued at about ₹280 crore. These bitcoins were later converted into USDT (a stable cryptocurrency) and moved to different wallets and people to turn them into regular currency.

Investigators also found that money was sent from the UAE to India through illegal channels. The ED said several properties were purchased in Dubai using these funds, and two of them—still in Kharbanda’s name—have now been attached.

Earlier, on August 6, the ED searched locations linked to Kharbanda and his associates. During these raids, the agency identified properties in the UAE and Noida, and also attached cryptocurrencies worth ₹28.90 lakh (as of September 9).

The investigation is still ongoing.