The Delhi Police crime branch arrested Karan Kajaria, a 31-year-old alleged mastermind of a cyber fraud syndicate, on April 3 at Kolkata airport. The syndicate is accused of defrauding investors of over ₹300 crore (roughly $36 million USD) through fake online investment schemes over the past four to five years. Kajaria's arrest follows an investigation initiated by a complaint from a victim, Sultan, who lost ₹31.45 lakh (roughly $38,000 USD) to a fraudulent investment scheme. The police revealed that the syndicate operated through fake trading applications like ‘Cventura’ and utilized mule bank accounts to facilitate unauthorized transactions. They also discovered that Kajaria maintained connections with international operators, particularly in Cambodia, and laundered money through a network of fictitious companies. The investigation has led to the arrest of at least 10 other members since December 2022, with police recovering 48 mobile phones, 258 SIM cards, and ₹19 lakh (roughly $23,000 USD) in frozen funds.