New Delhi: Delhi Police has dismantled three major cyber fraud networks operating across several states, exposing rackets behind online investment scams, fake trading platforms and KYC-based deception. Officials said on Wednesday that three key accused have been arrested in separate operations.
The first case involves an online investment scam of ₹33.10 lakh reported in southwest Delhi. Investigators found that several bank accounts were opened using forged documents in the name of Belcrest India Pvt Ltd, a company already linked to 57 cyber fraud complaints nationwide. Police arrested Lakshay, a resident of Najafgarh, on November 19. He had also established another fake firm called Nextoverse IT Solutions Pvt Ltd. Officials said efforts are underway to identify and arrest his associates.
In the second case, a victim lost ₹53.05 lakh after being lured through a fake trading application that impersonated a legitimate financial services platform. The money was diverted through multiple mule accounts, including one run under the name RS Enterprises. Police arrested the operator, Ramveer from Faridabad, on November 18 in Haryana’s Karnal. He is also accused in a similar cyber fraud case registered at the Cyber Crime Police Station in Karnal.
The third fraud module resembles the notorious Jamtara-style KYC scam, where the victim was cheated of ₹5.75 lakh. The accused, identified as Rajesh Mandal from Giridih in Jharkhand, allegedly pretended to be a bank representative and convinced the victim to share sensitive details under the guise of updating KYC information. Using remote-access software, he purchased high-end mobile phones and a laptop online, which were later delivered to Kolkata.
Police said all three operations required detailed technical analysis and coordinated raids across Delhi-NCR, Haryana and Jharkhand. Further investigation is in progress to trace the remaining members of thesenetworks.
