π¨ ED busts cyber fraud ring in massive crackdown
The Enforcement Directorate arrested two individuals in a large-scale money laundering probe concerning cyber fraud. Fahim Moin Hussain Sayed and Naim Mueen Sayyed were taken into custody in Mumbai on Sunday, August 23, 2026. The investigation stems from a Goa woman losing βΉ2.60 crore between May and June 2025 after a digital arrest scam. The network allegedly involved βΉ27,000 crore in bank transactions and βΉ3,000 crore in cash dealings across 20 states. The ED is expected to present them before a court in Panaji on Monday, August 24, 2026, for further interrogation. πΈ