Encounter News Punjabi

Crime Branch Busts Multi-State Cyber Fraud Network, Rs 5 Crore Crypto Trail Uncovered

WhatsApp Channel Join Now

New Delhi— In a major crackdown on digital crime, the Cyber Cell of Delhi Police’s Crime Branch has dismantled multiple cyber fraud syndicates operating across Delhi, Haryana, Uttarakhand, and Punjab. The operation led to the arrest of several key figures involved in Digital Arrest and Investment Fraud rackets, along with the recovery of cryptocurrency worth around ₹5 crore linked to Dubai-based handlers.

During coordinated raids, the police also unearthed fake companies, mule bank accounts, and bogus e-commerce fronts used to launder illicit funds. The arrested accused include Sumit Kumar, Atul Sharma from Kurukshetra, Rahul Manda from Hisar, Varun Anchal alias Lucky from Jalandhar, and Amit Kumar Singh alias Kartik from Saran.

Officials revealed that Sumit Garg, a prime suspect operating under Dubai-based handlers, was apprehended for running an investment scam. Another accused, Rahul Manda, was arrested in a digital arrest fraud case where a victim was coerced into paying ₹30 lakh. Varun Anchal managed multiple mule accounts to facilitate fund transfers, while ex-banker Amit Kumar Singh helped move the money through legitimate channels.

Meanwhile, the Supreme Court has revoked the bail of accused Lakshay Nanda from Ludhiana, who was involved in a ₹48.35 lakh investment fraud. Police recovered several incriminating items, including mobile phones, laptops, SIM cards, cheque books, and three crypto wallets containing 552,944 USDT (equivalent to ₹5 crore), during a raid in Gurugram.

Investigators said the scammers used fake identities of police and government agencies to intimidate victims into “digital arrests.” They also operated fraudulent investment platforms promising high returns to lure unsuspecting investors. The gang further recruited students, unemployed youth, and PG residents to open mule accounts and conceal illegal money transfers through sham e-commerce setups.

Authorities stated that the investigation is ongoing to trace additional suspects and establish links to overseas handlers, particularly in Dubai.

All news on Encounter News is computer-generated and sourced from third parties. Please read and verify carefully. We will not be responsible for any issues. 

Encounter News
Encounter News
Encounter Media Group

Latest Articles

Air India Scraps Select US Services, Warns of Delays on Europe Routes

New Delhi: Air India has cancelled a few long-haul flights to...

PM Narendra Modi Pays Tribute to Indian Army on Army Day, Lauds Spirit of Sacrifice

New Delhi: Prime Minister Narendra Modi on Thursday extended greetings to...

Saudia, Air India Codeshare Pact to Enhance India–Saudi Air Connectivity from February

New Delhi: Air connectivity between India and Saudi Arabia is set...

Singapore Court Told Zubeen Garg Was Intoxicated, Declined Life Jacket Before Drowning

Singapore: A Singapore court was informed on Wednesday that Assamese singer...

India Urges Nationals to Exit Iran Amid Escalating Unrest, Issues Fresh Travel Warning

New Delhi: India on Wednesday advised its citizens currently in Iran...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here