Indian Police Dismantle China-Linked Cyber Fraud Network

The Pimpri-Chinchwad Police Commissionerate's Crime Branch has made a significant breakthrough in the fight against cybercrime, dismantling an international network linked to China.

The operation involved the arrest of four young men from a villa in Lonavala, who were found to be converting cheated money into cryptocurrency and sending it to overseas handlers via USDT crypto.

The discovery was made after a local resident was defrauded of Rs 97.7 lakh through a fake share trading investment scam. During the subsequent investigation, authorities tracked down a portion of the stolen funds to bank accounts connected to the arrested men.

Further probe revealed that the accused had been operating as part of a larger network, using cryptocurrency to launder and transfer illicit funds to Hong Kong.