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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.

Taking advantage of the victim's age and loneliness, tenant Sachin More convinced her that he could help with legal and administrative formalities
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Scammed Over Sleeping Pills: Woman Loses ₹77 Lakh in Shocking ‘Digital Arrest’ Fraud
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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.