Delhi Police bust multi-state cyber fraud racket

New Delhi: Police have busted multiple inter-state syndicates involved in “digital arrest”, fake IPO, and online trading scams and exposed fraud worth approximately Rs 10.6 crore across 89 complaints, leading to the arrest of six men. The syndicates primarily targeted unsuspecting citizens, including elderly victims, using methods of deception, fear and inducement.

DCP (outer north) Hareshwar V Swami said, “In one case involving a digital arrest scam, an elderly couple was allegedly held under psychological pressure for nearly a week by fraudsters posing as TRAI and CBI officials. The victims were coerced into transferring Rs 20 lakh. During the probe, Rs 18.5 lakh was traced to a bank account operated by an accused, Shashikant Kumar, who was arrested from Ranchi. The account was linked to 35 complaints involving nearly Rs 2 crore.”

In another case related to a fake IPO scheme, a victim was cheated of Rs 7.79 lakh through a fraudulent investment platform operated via a fake mobile application. Khalid Tyagi, was arrested from Roorkee after evading arrest and attempting to flee abroad. His account was linked to 25 complaints involving over Rs 4 crore.

A third case involved, Sachin Mittal, was arrested from Shahdara for cheating victims by promising high returns on fake trading platforms. The account linked to him was connected to 24 complaints worth over Rs 1 crore.

In a separate digital arrest case involving SIM misuse threats, three accused, Asif, Nitin Saini and Virender Mukkhiya, were arrested following raids in Madhya Pradesh, Uttar Pradesh and Delhi and 100% recovery was made in this case.