In a significant development concerning a cyber fraud case involving Rs 12.09 crore losses in a fake online gold trading scheme, the Rajasthan State Cyber Crime Police apprehended Divya Singh Kushwaha, a director of Golden Legend Leasing and Finance Limited (GLLFL), in Mumbai.
GLLFL was found to have a pivotal role in setting up virtual merchant accounts allegedly utilized for operating the deceptive online gold trading platform. The police are actively pursuing other suspects, including the main accused, Jayanta Roy.
The arrest was part of a specialized campaign by the Rajasthan Police against cybercriminals under the supervision of Director General of Police (DGP) Rajiv Kumar Sharma. The complaint, registered on December 9, 2025, at the State Cyber Crime Police Station in Jaipur, detailed how victims were lured into investing in online gold trading through false promises of high profits via the website www.kdeonegold.net.
The victims were allegedly duped of over Rs 12.09 crore, which was transferred to various bank and virtual accounts. The fraudsters, communicating via WhatsApp, enticed victims with lucrative returns on investments in the fake online gold trading platform, leading to substantial financial losses.
Under the guidance of ADG (Cyber Crime) Singh, the State Cyber Crime Police conducted a thorough investigation, revealing operational irregularities and compliance failures in the fraudulent scheme. The probe exposed lapses in KYC compliance, due diligence, and risk monitoring, with multiple complaints lodged on the National Cyber Crime Reporting Portal by victims nationwide.
