The Delhi Police have dismantled a nationwide cyber fraud network allegedly operated by a Dubai-based Indian kingpin, leading to the arrest of five people, including a bank relationship manager accused of facilitating fraudulent transactions.
Officials said the syndicate was running fake firms and using multiple current accounts to launder money obtained from victims in at least 12 states. According to the crime branch, “The accused allegedly earned Rs 1.5 lakh commission for every bank account opened for the racket’s operations.”
The arrested individuals have been identified as Manjeet Singh (28), Manshvi (23), Manish Mehra (33), Sombir (43), and Anup (35), the bank official. They were apprehended during coordinated raids in Delhi, Gurugram, and Hisar after investigators tracked their digital footprints.
Police said the investigation began after an e-FIR was filed in June, revealing that the group worked under the directions of a Dubai-based handler known as Tom. The bank official, Anup, allegedly assisted in opening fake current accounts and leaked internal alerts linked to the National Cybercrime Reporting Portal (NCRP) complaints and account freezing activities.
Other members of the fraud gang reportedly set up fake firms, maintained records, and managed the movement of funds. During questioning, the accused admitted to creating at least three bogus firms and opening eight current accounts to route the defrauded money.
Investigators found that the gang later converted the laundered funds into cryptocurrency, specifically USD Tether (USDT), to conceal the transactions and move the money abroad.
“We have seized 18 mobile phones, a laptop containing data of cryptocurrency wallets and bank statements, 36 SIM cards, and multiple cheque books,” said DCP (Crime Branch) Aditya Gautam.
He added that the seized documents are connected to 52 cyber fraud complaints registered across several states, including Tamil Nadu, Karnataka, Goa, Maharashtra, Telangana, Andhra Pradesh, Odisha, Uttar Pradesh, Himachal Pradesh, Punjab, Gujarat, Kerala, and Haryana.
Further investigations are ongoing to trace the overseas masterminds and follow the digital money trail.
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