These raids exposed a well-structured investment fraud syndicate that operated through fake mobile apps and WhatsApp groups, luring individuals with promises of discounted shares in listed companies. Victims were deceived into transferring money through fraudulent platforms.
The CBI arrested a key suspect from Kalyan, Mumbai, accused of supplying pre-activated SIM cards and mule accounts vital to the scam’s execution. Authorities also seized crucial digital devices and documents which shed light on the inner working of the syndicate.
Earlier in the week, further arrests were made in New Delhi tied to transnational fraud targeting U.S. and Canadian citizens, where scammers impersonated officials and tech support agents.
🔍 CBI’s message is clear: It remains committed to dismantling digital crime networks and the infrastructure that sustains them. The investigation is ongoing and points to a need for stronger cross-border intelligence and cyber hygiene awareness.
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