The Delhi Police have dismantled a large cyber crime syndicate operating through a network of shell companies, arresting two accused and uncovering financial transactions linked to nearly Rs180 crore in cyber fraud cases across India.
The action was taken under Operation Cy-Hawk, a special initiative aimed at breaking organised cyber fraud networks and disrupting illegal financial channels used to route cheated money. Officials from the Cyber Police Station, New Delhi District, said the focus was on identifying mule accounts, cash handlers and shell companies created to launder proceeds of cyber scams.
During the investigation, police flagged several hotspots in the district linked to suspicious financial activity. Analysis of complaints registered on the National Cyber Crime Reporting Portal (NCRP) revealed repeated use of an IDFC Bank account for receiving fraud proceeds. The account was registered in the name of M/s Kudremukh Trading (OPC) Private Limited, located in Connaught Place.
Investigators noted that the account showed classic signs of a mule account, with multiple cyber fraud complaints linked to it. An FIR was registered on November 19, 2025, under relevant sections of the Bharatiya Nyaya Sanhita (BNS), and a detailed probe was launched.
During questioning, the account holder Rajesh Khanna revealed that he had opened the company account at the behest of Sushil Chawla and Rajesh Kumar Sharma, who allegedly controlled the movement of funds. Further investigation revealed that the duo had floated nearly 20 shell companies to siphon off money obtained through cyber fraud.
Police traced links to 176 cyber fraud complaints, with the total amount involved estimated at around Rs180 crore, routed through multiple layers of shell entities to conceal the money trail.
Rajesh Khanna has since passed away in Noida, police said. Meanwhile, the remaining accused initially cooperated with investigators but later avoided summons and failed to join the probe, leading to their arrest.
Digital evidence indicates that Khanna was allegedly used as a front or pawn, while the arrested accused claimed links to another individual reportedly involved in similar cyber fraud cases in West Bengal. Police have seized two mobile phones and a laptop, which are now being examined.
Authorities said the seized devices and bank accounts are being analysed in coordination with the Indian Cyber Crime Coordination Centre (I4C) to establish nationwide linkages, and further investigation is ongoing.
