CBI attacks in Karnataka, Tamil Nadu and Kerala, three arrested in the international cyber fraud case

New -delhi, October 14 (IANS). The Central Bureau of Investigation (CBI) on Monday attacked several places in Karnataka, Tamil Nadu and Kerala in a major international cyber fraud case. This action was done under CBI’s ‘Operation Chakra-5’, which aims to break down the International Cyber ​​Crime Network. During this period, the agency arrested three accused. The CBI registered this case on the basis of information provided by the Cyber ​​Coordination Center under the Interior Ministry (MHA). Preliminary investigation has revealed that thousands of people across the country have been cheated on rupees. It is alleged that this gang used to enforce large amounts of money from people by attracting them with false promises of online investments and part -time work through social media, mobile apps and encrypted messaging platforms. Investigation revealed that both Indian and foreign citizens were involved in this network. The accused has spread a network of shell companies (false companies) across the country, especially in Bengaluru (Karnataka). The money that was fraudulently obtained was moved here and there by these businesses. Many innocent people have made company directors about the pretext of part-time employment in e-commerce or fintech businesses, in order to ensure the flow of funds through false bank accounts and digital signatures. According to the CBI, the criminals have adopted an organized and advanced approach to cyber fraud. In this, false investment schemes were promoted by digital advertising, bulk -SMS campaigns and SIM Box technology. False profiles and businesses were created on Telegram, WhatsApp and other social media platforms by taking KYC documents from the recruited people. Many bank accounts have been opened in the name of these false companies, in which the money that was cheated on the victims was deposited. The investigation also revealed that the fraudsters had transferred the money received at various levels and that the funds were crop through payment gates, UPI platforms and cryptocurrency exchanges. A large part of the fraudulent money was converted into cryptocurrency, gold or by secret channels sent abroad. The CBI also found that several Indian citizens led by foreign entities work, involved in illegal online gambling and investment fraud operations. The agency said that so far several suspicious bank accounts and financial transactions have been identified, which are linked to this network. This case is part of a larger cyber fraud network spread over India and abroad. The CBI said it was taking further steps in this case to detect other Indian and foreign accused, detect and freeze the fraudulent amount. Under Operation Chakra-5, the agency aims to break down transnational cyber fraud networks spread across several countries and target Indian citizens. -—Is Ash/ABM