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The agency said the total value of proceeds of crime attached, frozen and seized during the investigation so far stands at around Rs 2,843 crore.
The development comes days after the CBI conducted searches across multiple locations in Chandigarh and Panchkula, seizing financial documents and digital evidence linked to the alleged scam.
During the raids, the ED reportedly seized substantial cash, valuables, electronic devices, and other incriminating evidence.
The defrauded funds were quickly moved through multiple mule bank accounts, or routed through wallet top-ups on overseas fintech platforms, particularly Pyypl.
The investigation unit has registered a case under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the probe is on.
The companies were operating in the digital banking and payments space.
