CBI raids 15 locations in online fraud linked to overseas fintech platform
New Delhi (PTI): The CBI has conducted searches at 15 locations across multiple states in connection with a large-scale online financial fraud involving overseas fintech platform 'Pyypl', officials said Thursday.
The Central Bureau of Investigation (CBI) is now seeking custody of the alleged kingpin of the gang, Ashok Kumar Sharma, a chartered accountant, who was recently arrested by the Enforcement Directorate (ED).
The case was referred to the CBI by the Union home ministry's anti-cyber crime wing -- I4C. Following this, the agency registered a case and carried out searches on Wednesday in Delhi, Uttar Pradesh, Rajasthan and Punjab, they said.
According to investigators, Sharma was allegedly running a large-scale organised scam involving fraudulent investment schemes, cyber fraud, and illicit cryptocurrency transactions, and part-time job fraud involving offshore withdrawals and overseas fintech platforms from his office in Bijwasan on the Delhi-Gurugram border, which came to be known as the "Bijwasan Group".
The gang allegedly defrauded victims of Rs 900 crore last year alone. The proceeds were routed and laundered through a network of 15 shell companies identified so far, the agency said.
"The CBI conducted coordinated searches at 15 locations across Delhi, Rajasthan, Uttar Pradesh and Punjab in connection with a case related to large-scale organised online investment and part-time job fraud involving offshore withdrawals and overseas fintech platforms, predominantly the Dubai-based 'Pyypl'," an agency spokesperson said in a statement.
"It was alleged that thousands of unsuspecting Indian citizens were cheated of crores of rupees through deceptive online schemes operated by an organised transnational fraud syndicate," she said.
The probe revealed that the network used social media platforms, mobile applications and encrypted messaging services to lure victims with promises of high returns from online investments and part-time job opportunities, the official said.
"The victims were initially induced to deposit small amounts and were shown fictitious profits to gain their trust, after which they were persuaded to invest larger sums," she said.
The defrauded money was then routed through multiple mule bank accounts to conceal the trail and later siphoned off through offshore ATM withdrawals using debit cards enabled for international transactions.
The funds were also diverted through wallet top-ups on overseas fintech platforms, predominantly "Pyypl", using Visa and MasterCard payment networks. These transactions appeared as Point-of-Sale (POS) transactions in banking systems, the agency said.
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Viral claim of Indian arrested for spying in Bahrain found to be false
New Delhi: A viral claim on social media alleging that an Indian national named Nitin Mohan was arrested in Bahrain for spying for Israel has been found to be false, with the image circulating online likely generated or altered using artificial intelligence.
The photo is being circulated widely on social media platforms, including a Pakistani X account currently withheld in India, shared an image purportedly showing, “Authorities in Bahrain have arrested an Indian national, Nitin Mohan, a telecommunications engineer, on allegations of espionage. According to reports, he was collecting sensitive geospatial data, photos, and videos of key locations and allegedly passing them to Israel’s intelligence agency.”
A fact-check by India Today revealed that the photo is likely AI-generated or AI-edited. We also did not find any report of the Bahrain government arresting an Indian national named Nitin Mohan.
However, a fact check found no credible evidence supporting the claim. Visual examination of the viral image showed several inconsistencies indicating that it was likely AI-generated or edited. The reflections in both eyes do not align. The fingers on one hand are blurred and appear to merge into the fist. The links between the handcuffs also look flimsy.
Further verification found no official reports of an Indian national named Nitin Mohan being arrested in Bahrain.
A press release issued on March 9 by Bahrain’s Police Media Centre stating that they had arrested six Asians for filming and sharing videos of Iranian aggression and glorifying hostile acts that could disturb security and public order.
According to the release, five of the arrested individuals were Pakistani nationals, Afzal Khan, Muhammad Muaz Akbar, Ahmad Mumtaz, Arsalan Sajid and Abdul Rahman Abdul Sattar, and one was a Bangladeshi national, Muhammad Israfil Mir. Their photographs also did not match the viral image circulating online.
Media reports from Gulf Daily News and Arab Times confirmed that Bahrain’s Interior Ministry arrested six individuals of Asian nationalities for recording and sharing videos glorifying Iranian aggression.
Additionally, India’s Ministry of External Affairs Fact Check wing stated on March 10 that the claim about an Indian national being arrested in Bahrain was “false and baseless.”
Authorities have cautioned that the viral image and accompanying claim are misleading, confirming that the claim is false and part of misinformation circulating online.
