CBI recovers Rs 1 crore during raids in Crypto fraud case

Central Bureau of Investigation officials said that the accused were impersonating Canadian government officials to execute their fraudulent activities

Representative image of a CBI official (photo: NH File)
Representative image of a CBI official (photo: NH File)


The Central Bureau of Investigation (CBI) on Wednesday said they recently conducted searches at different places on the premises of the accused in an ongoing investigation of a case related to Crypto fraud and recovered Rs 1 crore.

During searches, a cash of Rs 1 crore was recovered from the premises of the accused, Sahil Pal.

The CBI said that a case was registered on May 11 against Delhi-based accused involved in Crypto fraud.

"It was alleged that the accused have been impersonating as Government Officials of Canada, utilizing this facade to execute their fraudulent activities.

"Their modus operandi involved providing fake technical support consultation to unsuspecting victims and then coercing them into transferring cryptocurrency funds. These ill-gotten cryptocurrency assets were subsequently routed through multiple crypto wallets, ultimately ending up in the perpetrators' own crypto accounts," said the official.

Further investigation in the case was on, the official added.

Follow us on: Facebook, Twitter, Google News, Instagram 

Join our official telegram channel (@nationalherald) and stay updated with the latest headlines