New Delhi: In a major crackdown on cyber financial fraud, the Inter-State Cell (ISC) of Delhi Police Crime Branch has busted a fake online investment racket that cheated innocent citizens of ₹47.20 lakh.
Acting on intelligence inputs and technical surveillance, the Crime Branch arrested three accused involved in the interstate cyber fraud syndicate. During the operation, police seized bank kits, SIM cards, and multiple electronic devices used in executing the scam.
Investigations revealed that the accused operated fake investment platforms, luring victims with promises of high returns in stocks, IPOs, and equity trading. Victims were induced to transfer money, which was then routed through multiple mule bank accounts to evade detection and tracking.
Officials said the racket was part of a well-organised interstate network, highlighting the growing sophistication of cyber fraud operations.
The operation was carried out by a team led by Inspectors Satender Poonia and Sohan Lal under the leadership of ACP Ramesh Lamba, and under the overall supervision of Aditya Gautam.
Further investigation is underway to trace additional links and identify other members associated with the syndicate.
