The Central Bureau of Investigation (CBI) has filed charges against 17 accused, including four Chinese nationals, and 58 companies. This follows the uncovering of a large, well-organised transnational cyber fraud network active in many Indian states. The foreign suspects named are Zou Yi, Huan Liu, Weijian Liu, and Guanhua Wang. They started creating shell companies in India from 2020. The CBI’s breakthrough came with the arrest of three key Indian suspects in October 2025. CBI says a single syndicate built a huge digital and financial setup to cheat thousands. They used fake loan apps, bogus investment schemes, Ponzi and MLM models, fake part-time job offers, and fraudulent online gaming platforms. The case started with tips from the Indian Cybercrime Coordination Centre under the Ministry of Home Affairs, highlighting many online cheating complaints. The CBI explained, “Though initially appearing as isolated complaints, a detailed analysis by the CBI revealed striking similarities in the applications used, fund-flow patterns, payment gateways, and digital footprints, pointing towards a common organised conspiracy.” The criminals used a tech-heavy method. They employed Google ads, bulk SMS, SIM-box messaging systems, cloud services, fintech platforms, and many mule bank accounts. Every step was designed to hide who was really behind the crimes and avoid the police. CBI found 111 shell companies made with fake directors, forged documents, false addresses, and fake business reasons. These companies opened bank and merchant accounts. More than ₹1,000 crore moved through these accounts. One account alone received over ₹152 crore in a short time. Earlier, searches at 27 spots in Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Jharkhand, and Haryana led to seizing digital gadgets, papers, and financial records for forensic analysis. Foreign nationals controlled the scam from abroad using constant communication. A UPI ID linked to Indian suspects was active abroad as late as August 2025, proving the fraud was managed in real time from outside India. According to CBI, the foreign leaders told Indian partners to get ID documents from innocent people. These were used to form companies and open bank accounts. The money from cyber fraud flowed through these entities and many accounts to cover tracks. The CBI continues to investigate this massive cybercrime syndicate targeting Indian citizens.