Last Updated:November 09, 2025, 13:26 IST Police sources said the cyber fraud network, active since 2024, was a highly sophisticated and organised syndicate with links across multiple states and digital platforms Ruia Group chairman Pawan Kumar Ruia and his family have been booked on charges of money laundering for allegedly routing illegal funds through multiple shell companies and cryptocurrency. (Image: @Pawan Kumar Ruia/Facebook) Police claimed to have busted a massive cyber fraud and money-laundering racket in which more than 1,000 people across India were duped through fake investment platforms, “digital arrest” scams, and other forms of online financial fraud, allegedly benefiting Kolkata-based industrialist Pawan Kumar Ruia and his family. The cyber fraud network, which was active since 2024, was a highly sophisticated and organised syndicate with links across multiple states and digital platforms, police sources told News18. Pawan Kumar Ruia, his family members, and several linked companies have been booked on charges of money laundering in the Rs 300-crore cyber fraud case by the West Bengal cybercrime wing.  According to the FIR, exclusively accessed by …