Latest news with #OperationChakra-V
Canada Standard
16 hours ago
- Canada Standard
CBI busts transnational cyber extortion syndicate, key operative held
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. 'The case pertains to a sophisticated international fraud network involved in cheating foreign nationals, particularly citizens of the United States and Canada, by impersonating government officials, threatening them with false allegations, and subsequently extorting funds. The proceeds of crime were found to be received in form of crypto currencies,' press release said. 'During the operation, the accused was found in possession of a well-organized ecosystem used for committing cyber frauds, which included, telecommunication setup, Pre-drafted scam scripts, Forged identity badges, and ID cards purporting to be of Canadian law enforcement authorities,' it added. Further, Virtual Digital Assets worth approximately USD 45,000 were seized from the possession of the accused. He was also found to be leading a lavish lifestyle, as evidenced by the recovery of luxury vehicles, high-end accessories, frequent foreign visits and substantial unaccounted wealth, CBI stated. 'Notably, the United States Federal Communications Commission (FCC) had earlier identified the 'Royal Tiger Gang', operated by the accused as a significant Consumer Communication Information Services Threat (C-CIST). The gang is accused of generating and transmitting unlawful robocalls impersonating government agencies, banks, and utility service providers in a systematic manner, aimed at deceiving and defrauding USconsumers,' CBI mentioned. The accused has been produced before the CBI Court and taken into a 4-day remand for interrogation. Further investigation is underway. (ANI)
India Gazette
21 hours ago
- India Gazette
CBI busts transnational cyber extortion syndicate, key operative held
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. 'The case pertains to a sophisticated international fraud network involved in cheating foreign nationals, particularly citizens of the United States and Canada, by impersonating government officials, threatening them with false allegations, and subsequently extorting funds. The proceeds of crime were found to be received in form of crypto currencies,' press release said. 'During the operation, the accused was found in possession of a well-organized ecosystem used for committing cyber frauds, which included, telecommunication setup, Pre-drafted scam scripts, Forged identity badges, and ID cards purporting to be of Canadian law enforcement authorities,' it added. Further, Virtual Digital Assets worth approximately USD 45,000 were seized from the possession of the accused. He was also found to be leading a lavish lifestyle, as evidenced by the recovery of luxury vehicles, high-end accessories, frequent foreign visits and substantial unaccounted wealth, CBI stated. 'Notably, the United States Federal Communications Commission (FCC) had earlier identified the 'Royal Tiger Gang', operated by the accused as a significant Consumer Communication Information Services Threat (C-CIST). The gang is accused of generating and transmitting unlawful robocalls impersonating government agencies, banks, and utility service providers in a systematic manner, aimed at deceiving and defrauding USconsumers,' CBI mentioned. The accused has been produced before the CBI Court and taken into a 4-day remand for interrogation. Further investigation is underway. (ANI)
Canada News.Net
a day ago
- Canada News.Net
CBI busts transnational cyber extortion syndicate, key operative held
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. 'The case pertains to a sophisticated international fraud network involved in cheating foreign nationals, particularly citizens of the United States and Canada, by impersonating government officials, threatening them with false allegations, and subsequently extorting funds. The proceeds of crime were found to be received in form of crypto currencies,' press release said. 'During the operation, the accused was found in possession of a well-organized ecosystem used for committing cyber frauds, which included, telecommunication setup, Pre-drafted scam scripts, Forged identity badges, and ID cards purporting to be of Canadian law enforcement authorities,' it added. Further, Virtual Digital Assets worth approximately USD 45,000 were seized from the possession of the accused. He was also found to be leading a lavish lifestyle, as evidenced by the recovery of luxury vehicles, high-end accessories, frequent foreign visits and substantial unaccounted wealth, CBI stated. 'Notably, the United States Federal Communications Commission (FCC) had earlier identified the 'Royal Tiger Gang', operated by the accused as a significant Consumer Communication Information Services Threat (C-CIST). The gang is accused of generating and transmitting unlawful robocalls impersonating government agencies, banks, and utility service providers in a systematic manner, aimed at deceiving and defrauding USconsumers,' CBI mentioned. The accused has been produced before the CBI Court and taken into a 4-day remand for interrogation.
United News of India
a day ago
- Business
- United News of India
Mule Bank accounts : CBI conducts nation-wide raids at 42 locations in 5 States, nine arrested
Chennai/New Delhi, June 27 (UNI) The CBI conducted nation-wide raids at 42 locations in five states and arrested nine people in connection with Mule Bank Accounts being used in Cyber frauds. In continuation of its on-going efforts to combat Cyber Crime and Digital Arrest Scams, the CBI acting on specific information and after verification launched coordinated searches at 42 locations across five States--Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh--as part of the Operation Chakra-V to deal with the menace of mule bank accounts. The mule bank accounts were being opened by organized cyber fraudsters involved in digital arrest scams, impersonation, fraudulent advertisements, investment frauds and UPI-based financial frauds to transfer the cyber fraud amounts from the accounts of the victims. These cyber fraudsters are being helped by the commissions and omissions of certain bank officials, agents, aggregators, bank correspondents, middlemen and e-Mitras who are facilitating in opening of mule accounts used for receiving and transferring proceeds of cyber frauds as well as enabling withdrawals from such accounts. The CBI initially registered an inquiry to unearth the entire conspiracy of opening of mule accounts, the role of the bankers and the middlemen and to understand the existing bank's rules and guidelines. Inquiries revealed that more than 700 branches of various banks across India have opened around 8.5 lakhs mule accounts either without proper KYC norms or Customer Due Diligence or Initial Risk Assessment. The branch managers of the banks have also failed to conduct Enhanced Due Diligence in respect of certain suspicious transaction alerts generated by the systems. Some of the banks have also failed to send the acknowledgment/ thanking letters to customers to indirectly verify the addresses of the account holders. Since the guidelines issued vide the RBI Master Circular and certain internal guidelines issued by the banks have been violated, the CBI registered a FIR for offences of criminal conspiracy, cheating, forgery, use of forged document as genuine under IPC/BNS and also offence of criminal misconduct by bank officials under Prevention of Corruption Act. During the searches, several incriminating documents and digital evidences, mobile phones, bank account opening documents, transactions details, KYC documents have been seized and identification of individuals including middlemen involved in opening of mule bank account was done. Further nine accused have been arrested. They included middlemen, agents, aggregators, account holders, and bank correspondents for their involvement in the operation and facilitation of opening of mule bank accounts. The arrested accused are produced before the court and remanded in custody. The action is part of ongoing commitment of the Union Government to sternly deal with Cybercrimes and its perpetrators with a special emphasis on dismantling the infrastructure behind such offences. Further investigation is continuing. UNI GV 2223
India Today
2 days ago
- Business
- India Today
CBI raids 5 states in over 8 lakh mule accounts cyber fraud case, 9 arrested
The Central Bureau of Investigation (CBI) on Thursday launched a coordinated crackdown across five states as part of Operation Chakra-V, targeting mule bank accounts being used in large-scale cyber frauds. Acting on specific source information and following internal verification, the agency carried out searches at 42 locations in Rajasthan, Delhi, Haryana, Uttarakhand, and Uttar CBI arrested nine individuals during the operation. The accused include middlemen, bank correspondents, agents, aggregators, and account holders. All of them are being produced before the court, and the investigation remains investigation found that more than 8.5 lakh mule accounts were opened through over 700 branches of various banks across India. These accounts were either created without adhering to Know Your Customer (KYC) norms, customer due diligence, or initial risk assessments. During the raids, the agency seized a range of incriminating materials, including mobile phones, bank account opening documents, KYC records, transaction details, and other digital evidence. Officials identified several individuals involved in facilitating the opening of mule agency registered an enquiry to unravel the entire conspiracy behind the creation and use of these mule searches are part of an ongoing investigation into how organised cyber fraud networks are using mule accounts for digital arrest scams, impersonation frauds, fake advertisements, investment scams, and UPI-based financial CBI revealed that these operations are being aided by the deliberate or negligent actions of certain bank officials, agents, aggregators, e-Mitras, and other middlemen who help open and operate these fraudulent officials highlighted serious lapses by bank managers, including their failure to carry out Enhanced Due Diligence on suspicious transaction banks also neglected to send acknowledgement or verification letters to account holders, which would have helped confirm their physical addresses. These violations go against both RBI's Master Circular and internal bank the enquiry, the CBI registered a formal FIR invoking charges under the Indian Penal Code (IPC), Bharatiya Nyaya Sanhita (BNS), and the Prevention of Corruption Act. The offences include criminal conspiracy, cheating, forgery, and criminal misconduct by public investigation into the matter is underway.- Ends
