Operation Chakra-V: Transnational Cyber Fraud Case
The Central Bureau of Investigation (CBI) has launched a significant operation named Operation Chakra-V to dismantle a transnational cyber fraud network that has affected thousands of citizens across India.
Key Details of the Operation
- Searches were conducted on October 14, 2025, across three states: Tamil Nadu, Karnataka, and Kerala.
- The operation led to the arrest of three individuals involved in the cyber fraud.
- The investigation was initiated based on inputs from the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs.
Modus Operandi of the Fraud Network
- The fraudsters, a mix of Indian and foreign nationals, utilized digital platforms to lure victims with false promises of high returns on online investments and part-time jobs.
- They used social media platforms, mobile applications, and encrypted messaging services to reach potential victims.
- Shell companies were created, particularly in Bengaluru, to launder the proceeds of crime.
- Individuals were deceitfully appointed as directors in these shell companies under the pretense of employment in e-commerce or fintech.
Fraud Techniques
- The group deployed digital advertisements, bulk SMS campaigns, and SIM box communication systems to promote their schemes.
- Recruitment was done through platforms like Telegram and WhatsApp, using KYC documents to create fake profiles and companies.
- Using fake credentials, they incorporated shell companies and opened numerous bank accounts to funnel funds from victims.
Financial Operations
- The funds collected were layered through various payment gateways, UPI platforms, and cryptocurrency exchanges to obscure their origin.
- Significant amounts were converted into cryptocurrency, gold, or transferred abroad through illicit channels.
- Indian operatives worked under foreign-controlled entities involved in illegal online gambling and investment fraud.
- Substantial financial flows were traced to accounts linked with the shell entities.
