Delhi Police has busted two separate interstate cyber-fraud syndicates, exposing organized networks that siphoned money through fake investment platforms, social media channels, mule bank accounts, shell firms, and cryptocurrency transactions. Seven people have been arrested across the investigations, which revealed links to fraudulent operations across multiple states.
Key Handler Apprehended in Investment Fraud Case
In the first investigation, law enforcement arrested 26-year-old Udit Tyagi from Meerut, identified as a key handler in a network involved in fake online investment, trading, and task-based earning frauds. The case was registered after a victim was allegedly lured through social media groups and channels before being cheated of around Rs 30 lakh.
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Police stated the victim was initially encouraged to make small investments that displayed fictitious profits and allowed limited withdrawals to build confidence. He was subsequently persuaded to invest larger amounts and was repeatedly asked to pay additional charges in the name of tax clearance, account upgrades, and withdrawal fees.
Multi-Layered Operations and Cross-Border Ties
DCP (Crime) Harsh Indora stated that the probe revealed a multi-layered network involving foreign and Chinese operators who developed fraudulent digital infrastructure, along with Indian intermediaries, mule-account providers, and cryptocurrency handlers.
More than 18 first-layer bank accounts were identified as part of the money trail. Investigators also uncovered a USDT/INR settlement mechanism used to move and convert suspected fraud proceeds.
International Flight and Airport Arrests
Tyagi had fled to Thailand, Malaysia, and later the UAE after his name surfaced in the case, but he was eventually apprehended at Jaipur airport. Police noted that interrogating him could help identify other members and trace the complete financial and digital network, as more than 35 cybercrime complaints across different states have so far been linked to accounts used by the accused.
Dwarka Syndicate Linked to 89 Cyber Complaints
In a separate action, police arrested six individuals in the Dwarka case: Chetan Sehrawat, Shakti Gurjar, Dharmender Kumar, Tarun, Deepak, and Gaurav Kadian.
DCP (Dwarka) Kushal Pal Singh stated that the investigation began after a suspicious bank account in Dwarka’s Sector 23A was found receiving money linked to cyber fraud complaints from Telangana, Tamil Nadu, and Maharashtra.
The syndicate operated a network that routed cheated money through mule accounts and shell firms, opening entities in different names to receive, transfer, and withdraw funds.
Seizures and Frozen Funds
Two accused in the Dwarka case also attempted to flee abroad. Sehrawat was arrested at IGI Airport after allegedly traveling to Thailand and Dubai, while Tarun was intercepted at Mumbai airport while allegedly trying to travel to Dubai.
Police have linked 89 complaints involving Rs 83.2 crore to the Dwarka syndicate and have placed Rs 1.1 crore on hold, seizing 109 cheque books, 12 mobile phones, bank and firm documents, and other material during searches.
