Delhi Police Busts Organized Cyber Investment Fraud Network, Arrests Key Accused

In a significant move against organized cyber investment frauds, the Delhi Police’s Crime Branch has apprehended two main suspects involved in separate cases with defrauded amounts exceeding Rs 74 lakh. The arrests have uncovered a sophisticated cyber fraud network that utilized mule bank accounts, foreign handlers, cryptocurrency transactions, and advanced digital tools to evade law enforcement.
One of the accused, Rahul Tyagi from Greater Noida, was arrested for his role in a cyber investment scam amounting to Rs 27.82 lakh. The fraud scheme enticed victims through social media with false promises of profitable investment opportunities in stock trading, IPOs, and OTC platforms, leading to a loss of Rs 27,82,422.
The investigation revealed that the fraudsters operated by circulating fake investment schemes on social platforms, convincing victims to transfer money into multiple bank accounts. These accounts, obtained on commission, were used temporarily and then abandoned to avoid detection, with SIM cards linked to them controlled remotely using message-forwarding applications.