New Delhi: Delhi Police have busted a Dubai-linked investment fraud racket, arresting five alleged fraudsters involved in cheating investors of Rs 12.22 lakh.
The case surfaced when a complainant, a resident of Arunachal Pradesh currently living in Delhi, reported being duped in a purported stock market investment scheme. He alleged that a woman and her associates persuaded him to invest through a fake firm promising high returns, only for him to later realize the company was fraudulent.
An FIR was filed at the Cyber Police Station, Southwest Delhi, and an investigation team traced the transactions. DCP (Southwest) Amit Goel said, “Technical surveillance and financial analysis revealed that the cheated amount was routed through multiple bank accounts linked to a network operating from Maharashtra.”
The accused have been identified as:
Shridhar Dilip Ingle (25) – apprehended from Shrirampur, Maharashtra; reportedly supplied mule bank accounts on commission to a Dubai-based handler named Chaitanya.
Archiryan Goraksh Kamble (21)
Ajij Miran Shaikh (25)
Pranav Jalinder Guldagad (24)
Vishal Durgadas Bachal (25)
During follow-up raids, the remaining accused were arrested. Police said the group procured bank accounts from individuals and handed them over to cyber fraud networks for illegal transactions. These accounts were used to channel cheated money across multiple cases and states.
The accused are linked to at least 18 complaints on the NCRP portal, and preliminary analysis indicates transactions worth several crores. Authorities have seized six mobile phones and details of 35 bank accounts used in the crime.
