New Delhi | In a major breakthrough against cybercrime, the Delhi Police have dismantled two large online investment fraud rackets and arrested five accused, uncovering a money trail of nearly ₹24 crore during the investigation. The case exposes a well-organised cyber fraud network that operated across multiple states, using fake trading groups, fraudulent mobile applications and mule bank accounts to siphon off funds from unsuspecting investors.
Senior police officials said the accused lured victims with promises of unusually high returns on stock market investments. Victims were first added to online groups through social media platforms and messaging apps, where they were persuaded to install fraudulent investment applications designed to appear legitimate.
First case: ₹31.45 lakh fraud through ‘Cventura’ app
According to Deputy Commissioner of Police (DCP) Aditya Gautam, the first case came to light after a complaint from a victim who was added to an online investment group and asked to download a fake app named ‘Cventura’. Members of the group projected themselves as experienced traders and assured the victim of substantial profits from stock market investments.
Trusting the claims, the victim was induced to transfer a total of ₹31.45 lakh into six different bank accounts over multiple transactions. Initially, the app displayed profits, reinforcing the illusion of genuine trading activity. However, when the victim demanded withdrawal of returns, the group suddenly disappeared and the application became non-functional.
Following the complaint, police registered a case and traced the flow of money. The investigation revealed that the cheated amount was routed through multiple mule bank accounts to obscure its final destination. Based on technical surveillance and bank account analysis, raids were conducted in Ludhiana and Khanna in Punjab, leading to the arrest of Rajiv from Rupnagar and Monu Kumar from Ludhiana.
Police said Rajiv was a mule account holder, with ₹6.45 lakh from the fraud credited to his account. Further scrutiny showed that transactions exceeding ₹1 crore had passed through his account before it was deactivated. Monu Kumar, meanwhile, allegedly acted as a facilitator, persuading people to open bank accounts and selling those accounts to cyber fraudsters in exchange for commission.
Second case: ‘VIP 10 Stock Sharing Group’ and ‘Verger’ app
In the second case, the complainant joined a group titled ‘VIP 10 Stock Sharing Group’ in July 2025. The group members encouraged him to invest through another fake application called ‘Verger’, again promising high and quick returns.
The victim transferred ₹47.15 lakh through multiple transactions into nine different bank accounts. Shortly thereafter, both the group and the application vanished, leaving the victim unable to recover his money.
During the probe, police carried out raids in Hisar and Panchkula in Haryana, arresting Mohit, who allegedly opened a bank account in his wife’s name and handed over the account details to his associates. Further raids resulted in the arrest of Balwan from Churu in Rajasthan and Rajbir Singh, whose bank accounts were used to route large portions of the cheated funds.
Investigators found that transactions of around ₹3 crore had passed through Mohit’s account, while nearly ₹20 crore was routed through Rajbir Singh’s account within a short span, indicating large-scale money laundering.
Organised network spanning multiple states
Police said the investigation has revealed a highly organised cyber fraud syndicate operating across several states. Local agents played a crucial role by opening mule accounts on commission, which were then used for layering and siphoning off the defrauded money.
Several mobile phones, SIM cards, ATM cards, cheque books and bank documents have been seized from the accused. Authorities are now working to identify the end beneficiaries, trace additional victims and arrest other absconding members of the network.
Delhi Police have urged citizens to remain cautious of high-return investment offers circulating on social media and messaging platforms, stressing that guaranteed profits are often a red flag. People have been advised to report suspicious activity immediately to the police or the cybercrime helpline, as timely reporting significantly improves the chances of tracing and recovering stolen funds.
