The Central Bureau of Investigation (CBI) has cracked down on a major cyber fraud network by raiding 10 locations in Delhi and NCR. The operation unearthed an international financial scam of ₹117 crore. The Indian Cyber Crime Coordination Centre had handed over the case to the CBI.
According to the complaint, an organised cyber gang including foreign nationals has been duping a large number of people in India. Investigation revealed that the fraudsters were targeting Indian citizens through WhatsApp, Telegram and various websites. They used to lure the victims by promising part-time jobs, work-based schemes and high returns on initial investments.
₹117 Crore Fraud in 2023
The fraudsters deposited the stolen money in fake bank accounts and rapidly transferred it to various accounts. The money was then either withdrawn abroad through ATMs or deposited into wallets through fintech platforms like PayPal.
A total of 3,903 complaints were registered on the National Cyber Crime Reporting Portal (NCRP) between January 1, 2023 and October 17, 2023.
Investigations revealed that fraudsters siphoned off ₹117 crores mainly in Dubai and the UAE. A total of 3,295 Indian bank accounts have been identified that were being used for illegal transactions. The stolen money was also used to buy cryptocurrencies.
CBI Appeals to the Public
During today’s raids, the CBI seized several electronic devices and financial records from the premises of 10 suspects. The agency has urged people not to fall prey to quick money schemes or lucrative investment offers on digital platforms.
It also advised to immediately report any suspicious activity to law enforcement agencies. The CBI said the investigation is ongoing and more important revelations are expected in the coming days.
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