Delhi Police Dismantles ₹300 Crore International Cyber Fraud Syndicate
Delhi Police busts ₹300 crore international cyber fraud syndicate, arrests mastermind
Hindustan Times
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The Delhi Police have arrested Karan Kajaria, the alleged mastermind of a major international cyber fraud syndicate linked to over 2,000 complaints and scams worth more than ₹300 crore (approximately $36 million USD). The syndicate operated across multiple states and had connections to international fraud networks, particularly in Cambodia.
- 01The fraud syndicate is linked to over 2,567 complaints and scams exceeding ₹300 crore.
- 02Karan Kajaria was arrested at Kolkata airport and is believed to be the main coordinator.
- 03The group created fake investment platforms and used mule bank accounts to launder money.
- 04Police recovered 48 mobile phones, 258 SIM cards, and ₹19 lakh (approximately $23,000 USD) in frozen funds.
- 05The investigation revealed the syndicate had been active for four to five years.
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The Delhi Police have successfully dismantled an international cyber fraud syndicate that has been linked to over 2,567 complaints and scams totaling more than ₹300 crore (approximately $36 million USD). The alleged mastermind, Karan Kajaria, was apprehended at Kolkata airport following a Look Out Circular issued against him. Police investigations revealed a well-organized network operating across several states with ties to international fraud syndicates, particularly in Cambodia. The syndicate lured victims through fake investment platforms and used mule bank accounts to conceal the proceeds of their crimes. During the crackdown, authorities seized 48 mobile phones, 258 SIM cards, and ₹19 lakh in frozen funds. So far, 11 individuals have been arrested, and investigations are ongoing to identify additional members of the syndicate.
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This crackdown on the cyber fraud syndicate may restore confidence among investors and the general public regarding online investment platforms.
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