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

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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.

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