In a major crackdown, the Cyber Cell of the Crime Branch has carried out multi-state raids in Delhi, Haryana, Uttarakhand, and Punjab, busting several cyber fraud syndicates.
Many key masterminds involved in Digital Arrest and Investment Fraud rackets have been detained. Investigators also traced a cryptocurrency trail worth Rs 5 crore connected to handlers based in Dubai.
During the operation, the police uncovered fake firms, mule accounts, and e-commerce front companies used to hide illegal money transfers.
Among those detained are Sumit Kumar and Atul Sharma from Kurukshetra, Rahul Manda from Hisar, Varun Anchal alias Lucky from Jalandhar, and Amit Kumar Singh alias Kartik from Saran. They were held in separate fraud cases.
A key syndicate operator working under Dubai-based handler Sumit Garg was caught in connection with an investment scam. Rahul Manda was detained in a Digital Arrest case in which a victim lost Rs 30 lakh.
Varun Anchal was found managing several mule accounts and money transfers. Amit Kumar Singh, a former bank employee, helped process fraudulent transactions. The Supreme Court also cancelled the bail of another accused, Lakshay Nanda from Ludhiana, who was involved in a Rs 48.35 lakh investment fraud case.
During the raids in Gurugram, the Cyber Cell seized mobile phones, SIM cards, laptops, cheque books, and three cryptocurrency wallets containing around 552,944 USDT (worth about Rs 5 crore).
The scammers posed as police and other agencies to threaten victims into surrendering during Digital Arrests. They also created fake investment platforms that promised high returns to lure victims into fraud.
To move funds, the gang recruited financially weak students, paying guest residents, and unemployed youth to open mule current accounts. Fake e-commerce firms were then used to mask transactions and the flow of cash.
Also Read: ED conducts multi-state raids in ₹73 cr bank loan fraud case
Follow us
