<h1>CBI chargesheet exposes Rs 1,000 crore cyber fraud network using 111 shell firms, mule accounts and online scams</h1> CBI has filed a chargesheet against 17 individuals, including four foreign nationals, and 58 companies for an alleged transnational cyber fraud and money laundering racket exceeding Rs 1,000 crore. The syndicate is accused of operating since 2020 through 111 shell companies using dummy directors, forged documents, fake addresses and mule accounts, and running online loan, investment, Ponzi, job and gaming scams. Funds were routed via payment gateways and UPI, with evidence of continuing foreign control. The case, initiated on inputs from the Indian Cyber Crime Coordination Centre, led to searches across multiple states, seizures of digital and financial records, and arrests under cheating, conspiracy and economic offences provisions.