The Enforcement Directorate of India has submitted a formal charge sheet to the PMLA special court in Dwarka, New Delhi, accusing Chirag Tomar and his associates of orchestrating a cryptocurrency phishing operation valued at approximately $20 million. Investigators determined that the syndicate exploited search engine optimization tactics to promote a fraudulent 'Coinbase Pro' website, tricking victims into surrendering account credentials and two-factor authentication codes to facilitate unauthorized asset transfers.

Concurrently, illicit proceeds were fragmented across numerous wallets and laundered via peer-to-peer transactions with local exchanges. This domestic prosecution aligns with broader U.S. federal law enforcement efforts; Tomar previously faced FBI arrest and received a 60-month prison sentence for wire fraud conspiracy. Through international judicial cooperation, Indian authorities have secured critical evidence, frozen 129 bank accounts, and seized assets totaling roughly 645.5 million rupees, which are now subject to further forfeiture proceedings.