New Delhi: The Central Bureau of Investigation (CBI) has filed chargesheets against 17 individuals, including four Chinese nationals and 58 companies, for their alleged involvement in an international cyber fraud network that siphoned off more than Rs 1,000 crore through shell entities and digital scams.
According to the probe agency, the racket was unearthed in October, following which investigators uncovered a well-coordinated syndicate operating through an elaborate digital and financial infrastructure.
The network allegedly ran multiple fraudulent operations, including fake loan applications, bogus investment schemes, Ponzi and multi-level marketing models, fraudulent part-time job offers and illegal online gaming platforms.
The CBI said the accused routed illicit funds through 111 shell companies and used a large number of ‘mule accounts’ to launder the proceeds of crime. The investigation found that around Rs 1,000 crore was moved through these accounts, with more than Rs 152 crore credited to a single account within a short period.
Officials said further investigation is underway to identify additional beneficiaries and trace the remaining proceeds of crime.
