The Central Bureau of Investigation (CBI) has unearthed a major international cyber fraud syndicate and arrested one individual as part of its continuing crackdown under “Operation Chakra-V.” In a coordinated effort, the CBI conducted searches at three locations, leading to the recovery of significant financial evidence.
During the raids, officials seized approximately ₹2.8 crore worth of virtual digital assets (cryptocurrency), along with ₹22 lakh in unaccounted cash. According to the CBI, the syndicate was involved in targeting foreign nationals—primarily in the United States and Canada—through deceptive means.
Using social engineering and voice phishing tactics, the accused allegedly impersonated law enforcement or government officials to manipulate victims into transferring money. These funds were then routed through cryptocurrency channels to conceal their origin and evade detection.
The CBI emphasized its strengthened digital forensic capabilities in tracking and managing virtual assets, reaffirming its commitment to counter emerging cyber threats.
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