Delhi Police Bust Cyber Fraud Syndicates, ₹5-Crore Crypto Trail Linked to Dubai
Delhi Police Bust Cyber Fraud Syndicates, ₹5-Crore Crypto Trail Linked to Dubai
Delhi Police crack down on nationwide cyber fraud rings, tracing a ₹5 crore crypto trail to Dubai handlers, as four men are arrested and fake firms and mule accounts are exposed.
The Delhi Police on Monday announced a major crackdown on cyber fraud syndicates that operated across India, arresting four men involved in large-scale digital arrest and investment fraud rackets. Investigators traced a cryptocurrency trail worth about ₹5 crore to three wallets controlled by Dubai-based handlers, signaling a cross-border dimension to the scam. Multi-state raids were conducted in Delhi, Haryana, Punjab and Uttarakhand, resulting in the seizure of several mobile phones, SIM cards, laptops, debit and credit cards, cheque books and other incriminating material. Investigators also uncovered fake firms, mule accounts and e-commerce fronts used to channel and conceal illicit money. The crackdown is part of an ongoing drive against organised cyber-enabled financial crimes that target victims through impersonation, intimidation and false investment schemes, according to Deputy Commissioner of Police (Crime) Aditya Gautam.
Cover image source: Delhi Police bust cyber fraud syndicates across India, find ₹5-crore crypto trail linked to Dubai 🔗
