CBI Targets 15 Locations in Online Fraud Probe Connected to Overseas Fintech Platform

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CBI Raids 15 Locations in Rs 900 Cr Online Fraud Linked to Overseas Fintech Pyypl

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News18•12-03-2026, 12:00

CBI Raids 15 Locations in Rs 900 Cr Online Fraud Linked to Overseas Fintech Pyypl

•CBI conducted searches at 15 locations across Delhi, UP, Rajasthan, Punjab in a large-scale online financial fraud case.
•The scam, linked to overseas fintech platform 'Pyypl', defrauded victims of Rs 900 crore last year.
•Alleged kingpin Ashok Kumar Sharma, a chartered accountant, was running the "Bijwasan Group" involved in fraudulent investments and cyber fraud.
•Funds were laundered through 15 shell companies and siphoned off via offshore ATM withdrawals and wallet top-ups on platforms like Pyypl.
•Victims were lured through social media and apps with promises of high returns and part-time job opportunities.

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