LUCKNOW, March 12 -- The Central Bureau of Investigation (CBI) conducted coordinated searches across Uttar Pradesh, Delhi, Rajasthan, and Punjab in connection with a massive transnational online fraud case involving the Dubai-based fintech platform "Pyypl," senior CBI officials said on Thursday while sharing a press note in this regard.

The officials said the syndicate allegedly defrauded thousands of Indians of hundreds of crores of rupees through deceptive investment schemes and part-time job offers.

According to CBI sources, the investigation revealed that the fraud network exploited social media, mobile applications, and encrypted messaging platforms to lure victims. Initially, victims were persuaded to deposit small amounts and sho...