Cybercrime – Delhi Police Dismantle Interstate Fake Investment Scam Network
TCybercrime – he Special Cell of Delhi Police has uncovered a coordinated interstate cybercrime operation linked to fraudulent stock market investments, leading to the arrest of six individuals and the seizure of multiple digital devices. Officials confirmed on Wednesday that the Intelligence Fusion and Strategic Operations unit carried out the action following months of technical and financial analysis.
The accused are alleged to have played key roles in a scheme that lured investors with promises of unusually high profits from online stock trading. Victims were redirected to fabricated trading platforms that mimicked legitimate investment portals, allowing the perpetrators to divert large sums of money without detection during the initial stages.
Complaint Triggered Detailed Financial Probe
The case came to light after a Delhi-based real estate developer approached authorities with a complaint alleging financial deception. According to police records, the complainant transferred approximately ₹3.76 crore over a period of time, believing the funds were being invested in regulated stock market instruments. When withdrawal requests were delayed and communication stopped, the victim reported the matter.
An electronic first information report was registered at the Special Cell police station, after which the IFSO unit initiated a structured investigation. Officers began tracing digital payment trails, online communications, and transaction histories connected to the reported accounts.
Mule Accounts Used to Move Illicit Funds
Investigators identified a network of mule bank accounts used to route the defrauded money across multiple states. These accounts were allegedly opened or operated by individuals who allowed their banking credentials to be used in exchange for commissions. Police said the funds were layered through several accounts to complicate tracking efforts.
Based on transaction mapping and location data, coordinated raids were conducted in Mumbai, Kota, Noida, and Lucknow. Six suspects were taken into custody during these operations. Officials stated that each of the arrested individuals had a defined role in handling account operations, fund transfers, or coordination with overseas handlers.
Digital Evidence Links Operation Abroad
Forensic examination of nine mobile phones recovered during the raids provided critical evidence. According to police sources, the devices contained access details of multiple bank accounts, encrypted chat conversations, and transaction instructions. The data suggested that the arrested suspects were receiving directions from individuals operating outside India.
Authorities believe the masterminds remained abroad, directing the fraud remotely while local associates ensured the smooth movement of funds. Advanced digital tools were allegedly used to avoid detection, including masked IP addresses and temporary communication channels.
Well-Organised Network Spanning Multiple States
Officials described the scam as a well-structured operation involving coordination across state borders and digital platforms. The syndicate reportedly relied on a layered system to launder proceeds, making it difficult to trace the complete money trail in the early stages.
The investigation is ongoing, with efforts focused on identifying additional collaborators, tracking the full extent of financial losses, and determining whether similar complaints are linked to the same network. Police are also examining the involvement of facilitators who may have assisted in opening or maintaining the mule accounts.
Advisory Issued for Online Investors
Delhi Police reiterated its firm stance against cyber-enabled financial crimes and investment-related fraud. Authorities urged the public to exercise caution when approached with online schemes promising guaranteed or unusually high returns. Officials advised investors to verify platforms through official regulatory channels and report suspicious activity without delay.
Law enforcement agencies continue to expand technical capabilities to address the growing complexity of cybercrime, particularly crimes exploiting public trust in digital financial systems.