Delhi Police Bust Major Interstate Syndicate Running Forex Trading Scam

The Delhi Police Crime Branch has busted a major interstate cybercrime syndicate involved in large-scale Forex trading investment scams that cheated people across India of crores of rupees.

According to officials, the gang ran a sophisticated operation using shell companies, mule bank accounts, and forged documents to collect and launder money from victims who were lured with promises of high returns.

Police arrested three key members of the network — Anurag Kumar, a professional mule account provider; Zeeshan Syed, a DM Sales Manager at an IndusInd Bank branch in Hauz Khas; and Himanshu Gupta, a handler with a past record of forgery and cheating cases. Investigators also found an international link, identifying one handler operating from Dubai, known as Abdul alias Vickey.

The scam was carried out through fake Forex trading schemes promoted on Facebook, Telegram, WhatsApp and other social media platforms. Victims were shown manipulated profit dashboards to convince them that their money was growing, which pushed them to keep depositing more.

Police say the involvement of the bank official played a crucial role. Zeeshan Syed allegedly used his position to help open current accounts in the names of shell companies such as Rebootz Sync Professionals Pvt. Ltd. These accounts acted as the first and second layers in the money-laundering chain.

Anurag Kumar reportedly procured these accounts and handed over complete banking kits — ATM cards, cheque books, and net banking credentials — to Zeeshan and Himanshu. Himanshu, who acted as a central coordinator and was arrested in Faridabad, then forwarded these kits to cybercriminals based in Dubai. The foreign handlers quickly dispersed the funds through multiple accounts to hide the money trail.

DCP Aditya Gautam said the operation, led by Inspector Manjeet Kumar under the supervision of ACP Anil Kumar Sharma, has “severely disrupted a key financial channel being misused to cheat citizens nationwide.” Police are now interrogating Himanshu Gupta in custody to identify other members of the syndicate and trace further financial links.

The crackdown highlights the growing collaboration between ground-level mule account providers, corrupt insiders, and international cybercriminals — a nexus that continues to fuel large-scale financial fraud across the country.