The Central Bureau of Investigation (CBI) recently launched Operation Chakra-II to fight against transnational organized cyber-enabled financial crimes in India.
About Operation Chakra-II:
- It was launched by the Central Bureau of Investigation (CBI), Microsoft, Amazon along with national and international agencies to combat and dismantle infrastructure of illegal call centres or tech support frauds.
- The CBI conducted searches at 76 locations across 11 States based on separate cases of cyber-enabled financial fraud, including a Rs 100-crore crypto scam.
- The cases were based on critical inputs provided by the Financial Intelligence Unit (FIU).
- It confiscated fraud-enabled equipment and froze many bank and email accounts.
- These illegal call centers impacted over 2,000 e- commerce website customers primarily based in U.S.A., Australia, Canada, Germany, Spain, and U.K.
- The accused disguised as a technical support representative, impersonated a global multinational with an online trading platform and systematically preyed on foreign nationals.
- Under Operation Chakra (2022), the CBI conducted raids over 100 locations against cyber criminals involved in financial crimes.
About Central Bureau of Investigation (CBI):
- It is a premier investigating police agency in India, functioning under Dept. of Personnel, Ministry of Personnel, Pension & Public Grievances.
- It traces its origin to the Special Police Establishment (1941) and came into force by the Delhi Special Police Establishment Act, 1946 to investigate cases of bribery and corruption by Central Government employees.
- From 1965 onwards, it was entrusted with the investigation of Economic Offences and important conventional crimes like murders, kidnapping, terrorist crimes, etc., on a selective basis.
- It is designated as the National Central Bureau of India for ICPO-INTERPOL, to coordinate investigations on behalf of Interpol Member countries.
About Financial Intelligence Units (FIU):
- They are national centres that collect information on suspicious or unusual financial activity, and report suspicious transactions, suspected of money laundering or terrorism financing.
- Financial Intelligence Unit – India (FIU-IND) is the central agency that receives, processes, analyzes, and disseminates information relating to suspect financial transactions to enforcement agencies and foreign FIUs.
- It works under the Department of Revenue for offences under the Prevention of Money Laundering Act, 2002 and reports directly to the Economic Intelligence Council (EIC) headed by the Finance Minister.
Ref: Source
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