Mumbai: The officials from the central government’s security and intelligence apparatus have uncovered a new financial operation by Pakistani Intelligence Operatives (PIOs) aimed at raising funds in India for terror activities and other anti-national activities. According to the intelligence sources these operatives are now conducting highly sophisticated and skilled operations for fundraising.
The PIOs are currently found involved in several types of Ponzi schemes, including fake investment plans, cryptocurrency scams, and fraudulent multi-level marketing programs, enticing people with promises of doubling their money. To execute these schemes, multiple SIM cards and benami accounts were employed, sources said.
Officials, speaking on the condition of anonymity, revealed that the PIO operatives created multiple layers within their operations through their sleeper cells and sympathizers. They hired highly skilled, jobless professionals and other individuals on payrolls to facilitate these Ponzi schemes and target various states, including Mumbai, Delhi, Bangalore, Bihar, Rajasthan, and several northern states. After collecting substantial sums of money, they shut down operations and went underground.
According to the sources, several people hired for these Ponzi schemes were professionals in such types of fraud and lottery scams and had done these crimes before. For the terror funding operations, basic funds for infrastructure were…
