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

Central Government Public Debt Reaches Rs 201 Lakh Crore Over Eleven Years

New Delhi: The central government's total public debt surged from Rs...

PM Modi Announces Financial Assistance as Death Toll Rises to Ten in Sikkim Tunnel Collapse

New Delhi: Prime Minister Narendra Modi expressed deep grief over the...

Major Rail Disruption as Freight Train Derails on Busy New Delhi-Ghaziabad Route

New Delhi: Rail services along the vital New Delhi-Ghaziabad corridor were...

Ambala Police Issue Traffic Advisory as Shambhu Border Sealed Over Farmers’ Delhi March

Ambala; Authorities in Ambala have issued a detailed traffic advisory for...

PM Narendra Modi Demands Strict Prosecution and Unified System Against Paper Leaks

New Delhi: Prime Minister Narendra Modi addressed members of the ruling...

Eight Workers Confirmed Dead as Hydroelectric Project Tunnel Collapses in Sikkim

Jholungey: Eight workers have lost their lives following a catastrophic structural...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here