Delhi Police made 11 arrests in a crackdown on cybercrime involving an investment fraud ring operating in Delhi and Mumbai. The accused scammed a senior citizen out of Rs 22.67 lakh by promising high investment returns. The arrests resulted in the recovery of incriminating items like mobile phones, fake SIM cards, passbooks, and more.
A case was filed on November 21, 2025, after a 60-year-old man, A. Srinivasan, reported falling victim to an investment scam. The fraudsters used a Facebook ad misrepresenting a Finance Minister’s speech to lure victims into AI-based trading schemes. The victim was convinced to invest through platforms like the Mudraone App, resulting in the loss of Rs 22.67 lakh.
To tackle the crime, a special team was formed, utilizing techniques such as money trail analysis and digital footprint tracking. Investigations uncovered a syndicate in Delhi operating fake bank accounts. Raids led to the arrest of five individuals linked to the fraud.
The accused revealed a network operating from Rohini and Netaji Subhash Place in Delhi. They opened mule bank accounts and facilitated illicit fund transfers. Another syndicate in Mumbai was also involved, with the cheated money traced to a bank account in Goregaon East. Four more individuals were arrested in Rajasthan for their role in the operation.
The fraudsters were aiding cybercriminals in Cambodia who targeted Indians through investment scams. Two additional individuals were arrested for managing the fraudulent accounts. Authorities are continuing investigations to identify more culprits and locate additional victims.
