India Launches Probe into Multi-Crore Cyber Fraud Scheme

The Indian Central Bureau of Investigation (CBI) has launched a major probe into a multi-crore cyber fraud case affecting thousands of victims across the country. The investigation began after reports surfaced of a sophisticated scam involving fake investment platforms that duped investors of over ₹500 crore, according to PTI. Authorities have arrested three suspects so far and are tracking digital footprints linked to international cybercrime networks. The CBI is coordinating with state police and cybersecurity experts to dismantle the operation and recover funds. This case highlights growing concerns over online financial crimes in India, which have surged by 30% in the last year, Reuters reported.