India, Sept. 23 -- A special Central Bureau of Investigation (CBI) court on Saturday rejected bail petitions of Amit Dube and Savio Gonsalves, who were arrested in July for allegedly running a large-scale cyber fraud racket from Pune and Mumbai, targeting and defrauding people from the United States.

According to CBI, the incident dates back to July, when they raided an illegal call centre in Mumbai and seized 27 mobile phones, 17 laptops, Rs.1.6 lakh in cash, and cryptocurrency worth nearly Rs.7 lakh. Subsequently, Gonsalves, Dube and their co-accused Tarun Shenai were arrested.

The CBI said that the accused had allegedly posed as officials of the US Internal Revenue Service and immigration authorities, threatening legal action against...