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CBI Dismantles ₹3.81 Crore Cyber Fraud Ring, Three Held

Investigators are probing banker complicity, mapping cryptocurrency transactions, tracing layered fund flows following the arrests of three alleged cyber fraudsters.

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Overview

  • The CBI arrested operator Shaurya Sunilkumar Singh, middleman Yash Thakur and mule account holder Sudhir Bhaskar Palande on charges of siphoning ₹3.81 crore through a complex layering scheme.
  • A special CBI court denied bail to Singh, noting the investigation’s early stage and the fact that the prime architect of the fraud remains at large.
  • Search operations in Mumbai and Nagpur recovered mobile phones, iPads, bank account opening forms, KYC documents and detailed digital transaction records.
  • Officials uncovered breaches of RBI KYC and due diligence norms by banking insiders and middlemen, along with use of Binance, CoinDCX and KuCoin wallets for commission payments.
  • The CBI is now tracing complicit bankers, mapping transfers across more than 100 mule accounts and following cryptocurrency flows as part of a broader cybercrime crackdown.