Srinagar, March 19 (KINS): In a major breakthrough against cybercrime, Counter Intelligence Kashmir (CID) has busted a highly sophisticated international cyber fraud racket operating from Srinagar, arresting seven suspects and seizing a large cache of digital equipment.
Acting on credible technical inputs about covert call centres targeting both foreign and local nationals, CIK constituted specialized teams of technical experts and field operatives. Through sustained surveillance, digital intelligence gathering, and verification, investigators identified a key operational hub at the Industrial Area, Rangreth. Subsequently, coordinated raids were carried out across multiple locations in Srinagar city.
During the operation, seven accused were apprehended on the spot. Authorities recovered 13 mobile phones, nine laptops, VoIP systems, SIM cards, networking devices, and digital storage media. Among the seized items were high-end devices including multiple iPhones, Apple MacBooks, Dell and HP laptops, and an iPad, indicating a technologically advanced setup.
Officials said the recovered material contains substantial incriminating evidence pointing to a well-organized cybercrime syndicate with linkages extending beyond Jammu and Kashmir.
International Fraud Network Exposed
Preliminary investigations reveal that the accused were part of a larger, coordinated network targeting victims in countries such as the United States, the United Kingdom, and Canada. The syndicate used advanced communication masking technologies, impersonation tactics, and psychological manipulation to defraud victims.
The accused had established an unregistered, covert call centre using VoIP systems to generate international virtual numbers and mask their real location through spoofing and server routing techniques. Posing as legitimate service providers, they lured victims via fake websites and targeted Google advertisements.
Once a victim clicked on these ads, they were directed to toll-free numbers operated by the suspects. Victims were then deceived into believing their devices or bank accounts were compromised and were coerced into sharing sensitive financial details or making payments under the guise of technical support or penalty avoidance.
Cryptocurrency Laundering Trail
Investigators revealed that the fraudulently obtained money was routed through banking channels, mule accounts, and digital wallets before being converted into cryptocurrencies, primarily USDT. The funds were further layered and routed multiple times to evade detection.
Notably, no cash transactions were involved, underlining the entirely digital and sophisticated nature of the operation. Early estimates suggest the scam involved transactions amounting to several crores.
Legal Action Underway
An FIR is being registered under relevant provisions, including charges of cheating, criminal conspiracy, and sections of the Information Technology Act.
CIK officials confirmed that follow-up raids are underway to apprehend more suspects, while forensic analysis of seized devices has been initiated. Efforts are also ongoing to identify victims and trace the financial trail, including national and international linkages.(KINS)