The Central Bureau of Investigation (CBI), as part of its ‘Chakra-II’ operation, has achieved a major breakthrough in two more cases involving an international online investment fraud worth hundreds of crores targeting Indians; and a cyber-enabled impersonation racket in which Singaporean citizens were cheated.
The first case was registered by the agency last year, based on inputs from various sources, including the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs. As alleged, in conspiracy with local associates, the accused based overseas cheated Indian citizens on the pretext of investment, loans, and job opportunities.
Following analysis of the money trail, the agency recently raided the suspects’ locations. It found that fraudsters used various social media platforms and their advertisement portals, encrypted chat applications, and bulk SMSes, to lure people. They opted for UPI accounts, cryptocurrencies, and international money transfers to evade detection.
