Delhi Police Uncover Interstate Cyber Fraud Racket Involving ₹33 Lakh Scam
Four held for Rs 33 lakh online investment fraud; interstate racket busted
News 18
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The Delhi Police have dismantled an interstate cyber fraud syndicate, arresting four individuals involved in a scam that defrauded victims of ₹33.83 lakh (approximately $40,500 USD) through false promises of high returns on online investments. The operation spanned multiple states, including Delhi, Punjab, and Rajasthan.
- 01Four individuals arrested in connection with a ₹33.83 lakh online investment fraud.
- 02The fraud involved coercing victims to deposit more money for unlocking previous investments.
- 03The syndicate operated across Delhi, Punjab, and Rajasthan using mule bank accounts.
- 04Investigators traced the defrauded money through 15 bank accounts, primarily registered outside Delhi.
- 05Further investigations are ongoing to identify additional members of the syndicate.
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The Delhi Police have arrested four individuals linked to an interstate cyber fraud syndicate responsible for an online investment scam that defrauded victims of ₹33.83 lakh (approximately $40,500 USD). The accused lured victims with promises of high returns through online trading platforms and coerced them into depositing additional funds under false pretenses. The operation spanned multiple states, including Delhi, Punjab, and Rajasthan, utilizing a network of mule bank accounts to obscure the origins of the stolen funds. Police traced the fraudulent money to 15 bank accounts, with most registered outside Delhi, highlighting the organized nature of the syndicate. The arrested individuals include Mohammad Khalid (26) and Atiur Rahman (23) from Delhi, Ramandeep Singh (29) from Punjab, and Tanish alias Heera Ram (27) from Rajasthan. Investigators are continuing their efforts to uncover additional members of the fraud network and trace further financial connections.
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This crackdown on the cyber fraud syndicate may deter future scams and protect potential victims from similar fraudulent activities.
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