The Indian Central Bureau of Investigation has charged 30 individuals, including Chinese nationals, for running a transnational cyber fraud network that stole over ₹1,000 crore during the COVID-19 pandemic. The scheme involved fake cryptocurrency platforms, shell companies, and exploitation of payment aggregation systems to launder money and target Indian investors. #ShigooTechnology #JilianConsultants #HPZTokens #CyberFraudNetwork
Keypoints
- The CBI filed charges against 30 accused individuals, including Chinese nationals, for a massive cyber fraud scheme.
- The fraud involved fake cryptocurrency mining apps, investment platforms, and online job scams targeting Indian citizens.
- Shell companies created by Chinese-controlled entities facilitated money laundering through cryptocurrency transfers abroad.
- The misuse of emerging payment aggregation systems played a key role in quickly laundering over ₹1,000 crore.
- The investigation is ongoing, with targeted arrests, asset seizures, and international collaborations to dismantle the criminal network.
Read More: https://thecyberexpress.com/cbi-%e2%82%b91000-cr-cyber-fraud-network/