ED Goa Exposes Cyber Crime Networks Laundering Cash via Shell Firms

The Enforcement Directorate (ED) in Goa has announced that organised cyber‑crime networks are laundering cash through shell firms. According to the ED, these syndicates set up or control a series of offshore and domestic shell companies to move and disguise illicit proceeds. The findings were presented in a press briefing held at the ED Goa office earlier this week. Law enforcement officials said the investigation is ongoing and that they are working with international partners to track the flow of funds.