Delhi: The Delhi Crime Branch has busted a high-profile cyber fraud module under the operation ‘Cy-Hawk’, arresting three accused involved in an organized cyber-financial racket with international connections, officials said on Sunday.
The complainant, Ranjan of Uttam Nagar, reported losing approximately Rs42.5 lakh in a stock market-related cyber scam. Police registered an FIR under Sections 308/318(4)/319/340 of the Bharatiya Nyaya Sanhita (BNS).
Investigations revealed that the Rs42.5 lakh was transferred to 36 different bank accounts. On September 3, 2025, Rs3,74,065 from the complainant’s Kotak Mahindra Bank account was transferred to a UCO Bank account in R.K. Puram and withdrawn the same day by cheque. The account was found to belong to Sabbir Ahmed, a resident of Munirka Village.
A special team arrested Sabbir Ahmed on January 21, 2026. During interrogation, he disclosed opening 9–10 bank accounts in various banks and handing over the kits to Mohammed Sarfaraz and Mohammed Dilshad, earning a 2% commission on credited amounts.
Based on this disclosure, Sarfaraz and Dilshad were arrested on February 5, 2026. Interrogation revealed their links to Chinese handlers and involvement in selling USDT cryptocurrency to Chinese nationals, establishing international cyber-financial connections.
The accused reportedly arranged dummy candidates, liaised with bank officials to open multiple accounts, and destroyed cheque books and SIM cards to eliminate evidence. However, police recovered the mobile handset associated with the destroyed SIM.
The Delhi Crime Branch continues its investigation to trace the full financial trail and other potential accomplices in the international scam.
