Delhi Police Bust Multi-Tier Cybercrime Syndicate Behind ₹6-Crore Investment Fraud

The Delhi Police have unearthed a multi-layered cybercrime syndicate that duped victims by posing as investment consultants linked to a fake non-banking financial company (NBFC) operating out of Mumbai. The racket came to light after a woman in Delhi was cheated of nearly ₹6 crore. Four people have been arrested.

According to officials, the fraudsters targeted people on Facebook, convincing them to invest in high-return trading schemes under the name CBCX Global Traders, a fictitious NBFC. The gang channelled money through 33 mule bank accounts to hide the trail, eventually transferring funds abroad.

DCP (Crime) Aditya Gautam said the accused — Anas Ansari, Mohd. Kaif, Akib, and Md. Danish — played different roles, from sourcing mule accounts to withdrawing cash and delivering it to a Dubai-based handler. The syndicate is linked to 10 cybercrime complaints across India, with ₹1.1 crore traced through the National Cybercrime Reporting Portal.

Police said Danish arranged mule accounts and coordinated withdrawals, while Anas and Kaif provided bank accounts used to receive and move stolen funds. Akib shared OTPs and account access with handlers in exchange for a commission.

The Delhi Police are continuing the investigation to identify overseas handlers and recover remaining funds.