CBI charges 4 Chinese for Rs 1,000 Cr cyber fraud; 111 shell firms exposed

• CBI chargesheeted 17 people, including 4 Chinese nationals, and 58 companies for a cyber crime racket.
• The racket siphoned over Rs 1,000 crore using 111 shell firms and various digital scams.
• Chinese nationals Zou Yi, Huan Liu, Weijian Liu, and Guanhua Wang allegedly directed the operation.
• The scam, originating in 2020, involved misleading loan apps, fake investments, and online gaming platforms.
• Funds were routed through mule accounts, with one account receiving over Rs 152 crore.

Why It Matters: This exposes a sophisticated transnational cyber fraud racket targeting citizens.