CBI busts ₹1,000-crore cyber fraud; transnational syndicate used 111 shell companies.

• CBI busted a ₹1,000-crore transnational cyber fraud syndicate, filing a chargesheet against 17 individuals (including 4 Chinese nationals) and 58 companies.
• The syndicate used 111 shell companies with forged documents to operate fake loan apps, investment schemes, and bogus job offers, defrauding thousands.
• Over ₹1,000 crore was transferred across hundreds of bank accounts, with proceeds layered through multiple platforms to obscure the money trail.
• The "highly coordinated and technology-driven" network lured victims using Google ads, bulk SMS, fintech platforms, and mule bank accounts.
• Chinese nationals, identified as Zou Yi, Huan Liu, Weijian Liu, and Guanhua Wang, reportedly controlled operations from outside India.

Why It Matters: Your money is at risk from sophisticated transnational cyber fraud operations.