https://www.taxtmi.com/news?id=63917 A multi state cyber syndicate allegedly routed over Rs 33 lakh from an online investment scam through multiple beneficiary accounts into a fictitious private limited company's bank accounts. Arrested suspects admitted to opening firm accounts, creating bank accounts, procuring SIM cards, and supplying bank kits; seizures included a laptop, mobiles, chequebooks, and debit cards. Interrogation revealed use of multiple shell companies and a laundering cycle converting received USDT cryptocurrency and selling it to a purported Chinese handler; investigation is ongoing. en-us Sun, 07 Dec 2025 16:01:03 +0530 Sun, 07 Dec 2025 16:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63917 A multi state cyber syndicate allegedly routed over Rs 33 lakh from an online investment scam through multiple beneficiary accounts into a fictitious private limited company's bank accounts. Arrested suspects admitted to opening firm accounts, creating bank accounts, procuring SIM cards, and supplying bank kits; seizures included a laptop, mobiles, chequebooks, and debit cards. Interrogation revealed use of multiple shell companies and a laundering cycle converting received USDT cryptocurrency and selling it to a purported Chinese handler; investigation is ongoing. News - Sun, 07 Dec 2025 16:01:03 +0530 https://www.taxtmi.com/news?id=63917