Cryptocurrency Fraud Case: Crypto Fraudsters Impersonating As Canada Officials Raided by CBI in Delhi; Rs 1 Crore Recovered

By admin On Jul 26, 2023

New Delhi, July 26: The Central Bureau of Investigation (CBI) has conducted searches at various locations here in Delhi at the premises of the accused in an ongoing investigation related to a crypto fraud case. The accused are Delhi-based Ashish Bhambhani and Sahil Pal. A case was registered on May 11, 2023, against the two accussed on the allegations that they have been impersonating as government officials of Canada, utilizing this facade to execute their fraudulent activities. Cyber Fraud News: Nine Arrested After Nexus Dupes 15,000 People of Rs 712 Crore and Launders Money to China via Dubai, Police Reveal Their Modus Operandi.

“Their modus operandi involved providing fake technical support consultation to unsuspecting foreign victims and then coercing them into transferring cryptocurrency funds,” CBI said. The ill-gotten cryptocurrency assets were subsequently routed through multiple crypto wallets, ultimately ending up in the perpetrators’ own crypto accounts. Job Fraud Alert: Cyber Fraudsters Arrested in Delhi for Duping People Through Quiker.com and Shine.com on Pretext of Providing Jobs.

During searches, incriminating digital evidences or electronic devices, among other were seized. Besides, cash worth approximately one crore was seized from the premises of accused Sahil Pal, CBI said Wednesday.

CBI said further investigation in the matter is on.

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