Cybercrime – Delhi Police Bust Nationwide Mule Account Network Linked to ₹70 Crore Fraud
Cybercrime – A complaint over a small online job scam has led Delhi Police to uncover an extensive cyber fraud network that allegedly moved nearly ₹70 crore through hundreds of corporate bank accounts created using fake companies and forged business identities.
A cyber fraud case involving the loss of just ₹10,000 has uncovered a large-scale financial crime syndicate operating across multiple states and extending overseas. According to Delhi Police, the investigation exposed a well-organised network that allegedly used fake firms and shell companies to open hundreds of corporate bank accounts, which were later supplied to cybercriminals for laundering illegal funds. Officials estimate that around ₹70 crore in suspected cybercrime proceeds passed through these accounts over the past few years.
Complaint Triggered a Major Investigation
The investigation began after a resident of Patel Nagar reported being cheated through a fake work-from-home opportunity promoted on social media. The victim was allegedly persuaded to pay registration charges and account processing fees in several transactions amounting to ₹10,000. Soon after the payments were made, communication with the suspected fraudsters stopped, and all online conversations were reportedly deleted.
Police teams then analysed digital records and tracked financial transactions linked to the complaint. Their investigation eventually led to the arrest of Mohit Soni on July 8. Officials said his interrogation and the examination of electronic evidence revealed the existence of a structured network involved in supplying ready-to-use corporate bank accounts for cybercrime activities.
Organised System Behind Fake Corporate Accounts
According to Deputy Commissioner of Police (Central) Rohit Rajbir Singh, the investigation uncovered a multi-layered operation that had allegedly been active for three to four years. The network reportedly recruited unsuspecting individuals, collected their identity documents, and used them to establish fake proprietorships and shell business entities.
Investigators found that these entities were then used to open corporate bank accounts that could later be transferred to cyber fraud groups. Police believe the accounts were used in scams targeting victims not only in India but also in Dubai and the United Kingdom.
Officials and Bank Staff Under Scanner
The probe also revealed the alleged involvement of several individuals responsible for coordinating account creation. Police claimed that Dishant Khanna played a central role in arranging the accounts and worked with others to speed up the banking process.
Investigators further alleged that bank manager Kundan Kumar accepted ₹75,000 in illegal gratification to facilitate account openings. Authorities said certain bank officials and intermediaries from a private bank assisted in processing these accounts in return for cash payments and insurance-related incentives.
Ready-to-Use Bank Kits Seized
Police said a rented property in Shalimar Bagh was being used to store complete corporate banking kits prepared for delivery to cyber fraud groups. These kits allegedly included internet banking credentials, debit cards, cheque books, passbooks, company stamps, and SIM cards registered for the accounts.
During searches, investigators recovered 248 complete bank account kits, 38 SIM cards, 22 mobile phones, 28 fake company stamps, 55 bank debit and credit cards, ₹1 lakh in cash, a vehicle, and several digital devices that are expected to assist further investigation.
Search Continues for Masterminds
Delhi Police have arrested Dishant Khanna (36), Ranjeet Damion Ekka (41), Kundan Kumar (35), Mridul (22), Mohit Soni (26), and Yogesh Kumar (35) in connection with the case. Komakshi Sharma of Dwarka, Payal Setia of Uttam Nagar, Shristi of Dwarka, and Chirag Bhatia of Paschim Vihar have also been bound down during the investigation.
Officials said efforts are continuing to trace the India-based absconding kingpin and the alleged mastermind believed to be operating from the UAE. A Look Out Circular has been issued as investigators continue to examine financial records and digital evidence to identify additional individuals connected to the network.