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CBI’s Operation Chakra-V Busts Cybercrime Ring, Seizes Crypto

CBI’s Operation Chakra-V busted a cyber gang using 21,000+ SIM cards to send mass phishing messages in India.

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: December 20, 2025 6:31 PM
Published 2025-12-20
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Last updated: December 20, 2025 6:31 PM
Published 2025-12-20
CBI’s Operation Chakra-V Busts Cybercrime Ring, Seizes Crypto

Key Highlights

  • CBI’s Operation Chakra-V raids locations across Delhi, Noida, and Chandigarh and uncovers a sophisticated phishing network using illegally procured SIM cards.
  • Authorities seize SIM boxes, servers, communication devices, unaccounted cash, digital evidence, and cryptocurrency during the crackdown.
  • The gang used thousands of SIM cards to send mass fraudulent messages offering fake loans and investment schemes, targeting citizens across India.

In a major crackdown on organized cybercrime in India, the Central Bureau of Investigation (CBI) carried out raids over the weekend in Delhi, Noida, and Chandigarh. 

The operation uncovered a well-organized ‘phishing factory’ that was operating with illegally obtained SIM cards. The gang used SIM boxes — devices that can hold hundreds of SIM cards, disguise international calls, and bypass telecom regulations — to defraud thousands of unsuspecting people across the country.

Three individuals have been arrested in connection with the case: Sonveer Singh, Maneesh Upreti, and Himalaya.

Background of the investigation

The agency had earlier reported on December 9 that it was investigating a firm involved in procuring over 20,000 SIM cards, which were later used for cybercriminal activities. The investigation, carried out under Operation Chakra-V, is focused on dismantling the core networks behind cybercrime in India.

CBI officials said the gang had set up an elaborate system that included servers, communication devices, USB hubs, dongles, and thousands of SIM cards to send out mass phishing messages and hundreds of thousands of fraudulent texts every day. During the raids, authorities also seized important digital evidence, unaccounted cash, and cryptocurrency.

Discovery of the phishing factory

CBI’s detailed study of fake SMS patterns helped identify an organized cyber gang operating from Delhi and Chandigarh, providing bulk SMS services to cybercriminals. “It was found that even foreign cyber criminals were using this service to cheat Indian citizens. Initial investigation revealed that about 21,000 SIM cards were obtained in violation of DoT rules,” an officer said. 

The SIM cards were managed through an online platform to send bulk messages offering fake loans, investment opportunities, and other financial benefits, with the intention of stealing personal and banking information from victims.

Role of the private company

The investigation led to the registration of a case against M/s Lord Mahavira Services India Pvt Ltd, which allegedly ran the illegal system enabling fraudsters to send massive volumes of fake messages across India.

“Early findings also suggested the involvement of some channel partners of telecom companies and their employees, who helped in illegally arranging SIM cards for this fraud,” the official added.

Modus operandi of the cyber gang

The CBI probe revealed that some numbers operated across 203 to 387 IMEIs and generated one-second automated calls—behavior consistent with SIM box operations, IMEI tampering, and M2M communication, all of which are prohibited under DoT guidelines. 

Investigators established that between 2020 and 2025, the firm deceptively procured 20,986 mobile connections. Specifically, in 2024-2025, the company obtained 7,721 SIM connections. 

False end-user lists were provided to acquire multiple SIMs using the same IDs; for example, 90 SIMs were issued to just 10 people, and 1,000 numbers to only 143 people across the country.

Call detail reports indicated the usage of these SIM cards around their registered Delhi address and a Noida office building. Six analyzed numbers had cybercrime complaints filed against them on the official cybercrime reporting portal.

Arrests and ongoing investigation

As part of Operation Chakra-V, the CBI arrested Sonveer Singh, Maneesh Upreti, and Himalaya, dismantling a major portion of the network. The officials said the probe is still ongoing. They are tracking new leads to find any other people involved, including telecom employees who may have helped in the fraud.

The case shows just how sophisticated cybercrime has become in India, with criminals finding ways to exploit technology and even use cryptocurrency to carry out large-scale scams.

Also Read: ED Raids 8 Locations in India in ₹2,300 Crore Crypto Scam

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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