CBI Files Chargesheet Against 30, Including Two Chinese Nationals, in ₹1000 Crore Cyber Scam

CBI Uncovers Extensive Cyber Fraud Network

The Central Bureau of Investigation (CBI) in India has filed a comprehensive chargesheet against 30 individuals, including two Chinese nationals, in connection with a sophisticated cyber scam amounting to over ₹1000 crore (approximately US$112 million). The chargesheet, filed on Wednesday, December 10, 2025, details the operations of a transnational criminal syndicate that exploited vulnerable Indian investors during the COVID-19 lockdown period.

The investigation revealed that the fraud was not an isolated incident but part of a larger, well-coordinated cybercrime network operated by foreign nationals. This syndicate was allegedly responsible for multiple scams targeting Indian citizens, including fake loan applications, fraudulent investment platforms, and bogus online job offers.

Modus Operandi: Fake Apps and Shell Companies

At the heart of the scam was the 'HPZ Token Investment Fraud' case. The accused launched a fake mobile application titled 'HPZ Tokens', which falsely promised high returns from cryptocurrency mining investments. This application was operated by Shigoo Technology Pvt. Ltd., an entity reportedly owned and controlled by Chinese nationals.

The fraudsters employed a complex web of operations to collect and launder the illicit gains. Key aspects of their method included:

• Launching the 'HPZ Tokens' app, enticing investors with promises of lucrative returns on cryptocurrency mining.
• Creating numerous shell companies, with over 150 bank accounts, which served as conduits to collect and launder the proceeds of crime.
• Exploiting India's nascent payment aggregation systems to rapidly move money from one shell company's account to another.
• Converting the collected funds into cryptocurrencies before transferring them out of the country.
• Partially disbursing money back to investors to build confidence and prolong the fraud scheme.

Chinese Nationals Identified as Masterminds

The chargesheet names Wan Jun and Li Anming as the two Chinese nationals who allegedly played pivotal roles in directing the operations of this extensive cyber fraud. Wan Jun was identified as the director of Jilian Consultants India Private Limited, a subsidiary of the Chinese entity Jilian Consultants. With the assistance of an accomplice named Dortse, Wan Jun reportedly established several shell companies, including Shigoo Technologies, to facilitate the scam.

According to the CBI, Wan Jun and Li Anming initially traveled to India to set up the necessary infrastructure but subsequently left the country, managing the operations remotely from abroad. Both individuals are currently absconding and have not joined the investigation. The CBI had previously arrested six individuals in connection with the case, including Dortse, Rajni Kohli, Sushanta Behra, Abhishek, Mohd Imdhad Husain, and Rajat Jain.

Ongoing Investigation and CBI's Commitment

The chargesheet has been filed against 27 individuals and three companies, with further investigations continuing against other suspects involved in the network. The CBI has affirmed its commitment to dismantling such sophisticated cyber fraud networks, stating its 'unwavering commitment' through operations like 'Chakra-V'. This case highlights the growing challenge of transnational cybercrime and the intricate methods employed by fraudsters to defraud citizens and launder illicit funds.