Lid off two international multi-crore cyber scams

The Central Bureau of Investigation today said it had unearthed under “Operation Chakra 2” an international online investment fraud worth hundreds of crores targeting Indian citizens, and a cyber-enabled impersonation fraud targeting Singaporean citizens.

In the case pertaining to Indian citizens, the CBI registered a case of sophisticated, organised cybercrime being perpetuated in the name of investment, loan and job opportunities. After carrying out a detailed analysis of the money trail, the CBI conducted raids at locations linked to the suspects. The fraudsters allegedly exploited various social media platforms and their advertisement portals to entice victims with promises of lucrative part-time jobs through multi-level marketing initiatives.