New Delhi | RBN News
The Delhi Police Crime Branch (NR-1) has dismantled a high-profile international cyber fraud module, arresting three accused involved in a sophisticated stock market investment scam that cheated victims of ₹42.5 lakh.
According to police officials, the racket operated through international cyber-financial linkages, with the accused allegedly coordinating with foreign handlers and routing illicit proceeds through cryptocurrency transactions, including USDT.
How the Fraud Operated
Investigators revealed that the accused targeted victims by promising high returns on stock market investments. Once trust was established, victims were persuaded to transfer money into bank accounts controlled by the syndicate. The funds were then layered through multiple mule bank accounts and converted into cryptocurrency to obscure the money trail.
Police said the gang used dummy account holders and shell arrangements to facilitate money laundering, making detection difficult.
Digital Evidence Recovered
During searches, the Crime Branch recovered crucial digital evidence, including mobile phones, financial records, and transaction data, which helped establish links between the accused and international cyber handlers, particularly those operating from overseas.
Well-Coordinated Police Operation
The operation was led by Inspector Ajay Sharma under the guidance of ACP Ashok Sharma and carried out under the overall supervision of DCP Pankaj Kumar. Senior officials described the bust as a significant breakthrough in Delhi Police’s ongoing crackdown on organised cyber crime networks.
Further Probe Underway
Police said further investigation is in progress to:
- Identify additional members of the syndicate
- Trace cross-border financial trails
- Determine whether the group was involved in other cyber fraud cases
Authorities have urged citizens to remain cautious of unsolicited investment offers circulated through social media, messaging apps, or unknown callers, and to verify credentials before transferring funds.
The case highlights the growing complexity of cyber-enabled financial crimes and the increasing use of cryptocurrency platforms to launder proceeds, prompting renewed calls for stronger digital vigilance and public awareness.
