Overview
- CBI arrested alleged mastermind Prince Jashvantlal Anand in Mumbai on June 26 during coordinated raids under Operation Chakra-V.
- A simultaneous raid in Ahmedabad formed part of the India-wide crackdown on the transnational extortion ring.
- Authorities seized about $45,000 in virtual digital assets along with luxury vehicles and designer accessories at Anand’s properties.
- The 'Royal Tiger Gang' is accused of impersonating law enforcement via robocalls and forged IDs to fabricate legal threats and extort money from US and Canadian nationals.
- Anand has been remanded for four days in CBI custody as investigators collaborate with international partners to dismantle the group’s crypto-laundering network.