CBI seizes Rs 1.08 crore in crypto fraud raids at 11 locations across Delhi, Haryana

New Delhi: The Central Bureau of Investigation (CBI) has carried out searches at 11 locations across Delhi and Haryana as part of an ongoing investigation into a crypto fraud case. The raids, which took place on Friday, led to the seizure of Rs 1.08 crore in cash, as well as foreign currency and gold.

The CBI searched nine locations in Delhi and two in Hisar, Haryana, as part of the investigation into a two-year-old case. The accused individuals were allegedly involved in a complex scheme, impersonating government officials to deceive people. According to the CBI spokesperson, these criminals engaged in fraudulent activities, including offering fake technical support consultations, to trick victims into transferring money via cryptocurrency.

Crypto fraud and money laundering

The investigation revealed that the perpetrators were targeting both Indian and international victims, coercing them into transferring funds in cryptocurrency. The money was then routed through several crypto wallets before being converted into cash.

During the searches, the CBI uncovered substantial digital evidence, including six laptops, eight mobile phones, and one iPad. The investigators also discovered that the suspects had used computer programs for making VoIP-based calls and accessing the darknet.

In addition to the cash, the CBI seized foreign currency worth USD 1,000 and 252 grams of gold. The agency has already filed a charge sheet against three individuals linked to the case. The CBI's operation forms part of a larger effort to combat cyber crime, particularly cases involving cryptocurrency fraud.

Agency