CBI Cracks Down on Rs 117 Crore Cyber Fraud Network

The CBI conducted raids at 10 locations in Delhi and nearby areas related to a Rs 117 crore transnational cyber fraud case. The operation followed a 2023 investigation into thousands of complaints. Suspects used fake job offers and complex money transfers to orchestrate the scam.

The Central Bureau of Investigation (CBI) conducted a series of raids on Wednesday across 10 locations in Delhi and surrounding areas as part of an investigation into a transnational cyber-enabled financial fraud worth Rs 117 crore.

The probe agency undertook this action following a case registered upon a complaint by the Cyber Crime Coordination Centre (I4C) from the Union Home Ministry, alleging the involvement of unidentified foreign actors and organized cybercriminals in a systematic financial fraud across India.

The investigation revealed that these criminals lured victims through fake job offers and high-return scams, transferring funds via complex networks to Dubai and other UAE locations. Over 3,000 Indian bank accounts were implicated, and substantial evidence was seized during the raids.

(With inputs from agencies.)