Punjab Police has busted a major cyber fraud racket in Phagwara in Kapurthala district today.
36 persons have been arrested with 40 laptops, 67 mobile phones and 10 lakh rupees in cash.
According to police sources, the racket used to target people in the USA & Canada under the guise of providing software solutions.
Transactions were primarily conducted through Bitcoin and hawala channels. A resident was involved in operating the racket with links in Delhi and Kolkata. Further investigation is on.