CBI nabs accused who provided SIM cards, mule bank accounts to cyber frauds

MUMBAI: The Central Bureau of Investigation (CBI) has arrested a Kalyan resident as part of its crackdown on a cybercrime syndicate specialising in perpetrating investment frauds, and conducted multi-state searches at 10 locations, including in the city. The agency’s actions were part of its probe into an investment fraud case in which funds worth ₹160 crore were allegedly defrauded from victims. A special court sent the arrested accused to judicial custody.