In one of the largest crackdowns on transnational cyber-enabled financial crimes, the Central Bureau of Investigation (CBI) has filed a chargesheet against 17 accused, including four Chinese nationals, and 58 companies for allegedly orchestrating a massive cyber fraud network that duped thousands of Indians through fake loan apps, investment schemes, and bogus job offers.

Officials said the case was registered after the Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs (MHA) provided inputs about a surge in citizen complaints relating to fraudulent investment and employment apps. What initially appeared as isolated scams soon revealed, through forensic and payment trail analysis by the CBI, a common backbone linking dozens of applications and financial channels.

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