Delhi Cyber Cell Busts Two Major Online Investment Fraudsters; Over ₹50 Lakh Recovered and Accounts Frozen

The Cyber Cell of the Delhi Police Crime Branch has arrested two men involved in separate high-value online investment frauds that caused losses of more than ₹50 lakh, officials said on Saturday.

The arrests came after weeks of coordinated investigation using technical surveillance, financial tracking, and human intelligence. The operation was supervised by ACP Anil Kumar, with the key teams led by Inspector Ashok Kumar.

Case 1: Victim Duped of ₹23.8 Lakh in Fake Stock Market Scheme

In the first case, a complainant was tricked into investing in a fake stock-market scheme.
The accused, Sunil Kumar Reddy (44) from Anantapur, Andhra Pradesh, posed as a genuine investment adviser. An MBA graduate and a Business Development Executive, Reddy convinced the victim to transfer money through 15 RTGS and NEFT transactions into several bank accounts.

Police later froze these accounts, and ₹5 lakh has already been returned to the victim. Reddy was arrested after coordinated efforts between Delhi and Andhra Pradesh police teams.

Case 2: Tata Croma Employee Loses ₹26.49 Lakh in Crypto Incentive Scam

The second case involved a ₹26.49 lakh loss suffered by a private employee working with Tata Croma in Lucknow. The victim fell for a fake incentive-based crypto trading platform.

The accused, Ayush Semwal (21) from Gautambudh Nagar, Uttar Pradesh, allegedly sold and operated mule bank accounts, helping to move the scam money and hide its trail. During the investigation, the police identified 18 Layer-1 accounts used for laundering funds. All have now been frozen.

During questioning, Semwal admitted that he sold multiple accounts on commission. He was arrested from his workplace in Noida Sector-58 by a team led by SI Gulshan Kumar.

Police Statement

DCP Aditya Gautam praised the efforts of the Cyber Cell, saying the operation exposed a “well-camouflaged cyber fraud network” operating across multiple states. Further investigation is underway to identify more suspects and recover additional funds.

The Delhi Police has urged citizens to be cautious of investment offers, stock tips, and online trading platforms that promise unusually high returns.