The Delhi Police Crime Branch has dismantled a large cyber fraud network involved in online investment scams, arresting four accused and uncovering a staggering Rs 24 crore money trail.
Police revealed that the fraudsters operated fake investment groups and bogus trading apps, luring victims into depositing large sums.
In the first case, a complainant was cheated of Rs31.45 lakh after being persuaded to join a fraudulent online group and install a fake app. When the victim requested returns, both the group and app vanished. Police traced the funds through multiple mule bank accounts, leading to raids in Ludhiana and Khanna, Punjab, and the arrests of Rajiv (33) and Monu Kumar (27). Rajiv reportedly allowed his bank account to be used for fraud in exchange for commissions, while Monu facilitated account openings and sales. Two more accomplices remain absconding.
In the second case, a victim lost Rs47.15 lakh through another fake investment app. Subsequent investigations and raids in Haryana and Rajasthan led to the arrests of Mohit, Balwan, and Rajbir Singh, who allegedly provided and arranged bank accounts to launder the stolen money.
Police seized mobile phones, SIM cards, and banking documents as evidence, and efforts continue to locate the remaining accused.
