How did the Delhi Police bust the investment fraud syndicate?

The Delhi Police used technical surveillance, money trail analysis, and digital forensics to identify and arrest eight members of the syndicate across four states.

What was the modus operandi of the investment fraud syndicate?

The syndicate lured victims with fake investment schemes promising high returns, then laundered the money through Indian mule accounts to overseas handlers.

How much money was laundered by the investment fraud syndicate?

Nearly Rs 4 crore was deposited into mule accounts linked to the syndicate within just 14 days, indicating significant financial crime.

Home / Crime and Justice / Delhi Police Bust Multi-State Fraud Syndicate

Delhi Police Bust Multi-State Fraud Syndicate

18 Jan

•

Summary

Eight fraudsters arrested across four states in investment fraud crackdown.
Syndicate cheated victims with fake investment schemes, funneling money to Cambodia.
Nearly Rs 4 crore deposited in mule accounts within 14 days linked to syndicate.

Delhi Police Bust Multi-State Fraud Syndicate

In a significant operation against cyber-enabled financial crime, the Delhi Police's Cyber Crime Cell has apprehended eight individuals involved in an interstate investment fraud syndicate with international connections. The arrests were made across Telangana, Uttar Pradesh, Rajasthan, and Delhi, dismantling a network that exploited victims through fictitious investment opportunities. These fraudsters allegedly funneled illicit funds to operators in Cambodia, utilizing a chain of Indian mule bank accounts.

The investigation was initiated following a complaint from a Vasant Kunj resident who lost Rs 15.58 lakh to the scheme. Victims were enticed by fake investment experts offering guaranteed returns via stock trading, leading them to transfer substantial sums. Technical surveillance and financial tracing revealed that Vanapatla Sunil Kumar, a Telangana resident, was a key supplier of mule accounts, earning commissions for his services.