New Delhi, March 24: The Cyber Police of South-West District in New Delhi has uncovered a significant investment fraud racket operating from Delhi, Rajasthan, and Mumbai. In this operation, police arrested 11 cybercriminals who lured individuals with promises of high returns on investments.
Among the victims was a 60-year-old man who was defrauded of approximately ₹22.67 lakh. Authorities seized a large cache of items from the suspects, including 40 mobile phones, 92 fake SIM cards, 39 passbooks and checkbooks, 27 ATM cards, 4 PAN cards, a laptop, a desktop, 2 POS machines, 6 UPI scanners, a printer, and numerous forged documents. These documents were primarily used to open fake bank accounts.
The case came to light on November 21, 2025, when a victim filed a complaint at the Cyber Police Station. He reported receiving an investment offer through a Facebook advertisement that misused a speech by the Finance Minister, claiming substantial profits through AI-based trading. After registering via the link, the fraudsters initiated contact.
Posing as investment advisors, the suspects communicated via phone and WhatsApp, guiding victims to register on platforms like Mudravan App and 9 Pro. They then solicited investments under the name of Kreovia Technology Private Limited. Initially, everything appeared legitimate, but once a significant amount was transferred, the fraudsters vanished, cutting off all communication.
In response to the severity of the case, the Cyber Police formed a special team, including Sub-Inspector Lov Deshwal, Head Constable Sachin, Rajesh, and Rakesh. Under the supervision of Inspector Pravesh Kaushik and ACP Sanghamitra, the team began an investigation. They employed modern techniques such as money trail analysis, call detail records, digital footprints, social media analysis, and technical surveillance. These efforts revealed that the racket was operating from Rohini and Netaji Subhash Place in Delhi.
Based on this information, police conducted raids in Rohini and Netaji Subhash Place, arresting five suspects: Tajinder Singh alias Lucky (26), Ashish Saini (24), Shiv Dayal Singh (28), Shiva (18), and Giriraj Kishore (18). They discovered a fully operational office where fake bank accounts were opened and managed. Numerous SIM cards, mobile phones, checkbooks, ATM cards, and counterfeit company stamps were also recovered.
During interrogation, the suspects revealed they operated a front office in Netaji Subhash Place while backend operations were conducted in Deep Vihar, Rohini. They created fake mule accounts to supply to other fraudsters, facilitating the movement of defrauded funds across various accounts.
Further investigations led to the identification and arrest of two additional account holders, Pratibha alias Payal and Satish, for their involvement in managing mule accounts.
As the investigation progressed, police uncovered a connection to Mumbai. Analysis of the money trail indicated that the defrauded funds were routed through multiple layers, eventually deposited into an Axis Bank account opened in Goregaon East, Mumbai. Another syndicate operating from Mumbai was also implicated, involved in purchasing mule bank accounts. Technical surveillance and analysis identified suspects who had shifted operations from Bijay Nagar, Beawar (Rajasthan) to Mumbai.
Subsequently, police raided Bijay Nagar in Beawar, Rajasthan, arresting four more suspects: Ramdev Sangla (50), Praveen Kumawat alias Lucky (20), Deepak Mewada alias Dev (35), and Trilok Chand Nayak (32). The suspects admitted to arranging mule accounts and supplying them to a “PK” operating from Mumbai. Account information was shared via WhatsApp and other online platforms, with prior verification before using the accounts for fraudulent activities.
The investigation revealed that this entire network was connected internationally. The accused in Delhi and Mumbai were actually working for cybercriminals based in Cambodia, who targeted Indian citizens under the guise of investment opportunities. Social media, particularly platforms like Facebook, was exploited to deceive potential victims.
This operation has exposed a vast cyber fraud network. Interrogations of all suspects are ongoing as police strive to uncover how many more individuals are involved and how many victims have been targeted.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment