CBI Uncovers Crypto-Linked Fraud at India’s Geneva Mission
India's Central Bureau of Investigation has uncovered a fraud scheme involving over CHF 200,000 diverted from government funds at the country's Geneva Mission. The former accounts officer manipulated QR-code-based bank payments to funnel money into personal crypto and online gambling activities.
The fraud went undetected for months as bank statements were allegedly altered to conceal the diversions. The accused, Mohit, joined the Mission in December 2024 and was responsible for submitting payment documents to Union Bank of Switzerland. Discrepancies were found in the Swiss franc account where vendors' QR-coded invoices were processed.
In a separate operation, CBI dismantled a SIM-box-based phishing network under Operation Chakra-V, arresting three individuals. The case highlights growing concerns about cryptocurrency's potential misuse in financial crimes.
