Delhi Police Bust ₹5 Crore Cyber Fraud Network Linked to Dubai Handlers

New Delhi — The Delhi Police have uncovered a major cyber fraud network operating across several states, arresting four men involved in large-scale investment and “digital arrest” scams. Officials said the syndicate was linked to a ₹5 crore cryptocurrency trail connected to handlers based in Dubai.

The arrests followed multi-state raids in Delhi, Haryana, Punjab, and Uttarakhand. Police recovered multiple mobile phones, SIM cards, laptops, debit and credit cards, cheque books, and other incriminating documents. Investigators also identified several fake firms, mule accounts, and e-commerce fronts used to channel and conceal illicit funds.

“This crackdown is part of our ongoing drive against organised cyber-enabled financial crimes that target victims through impersonation, intimidation, and false investment schemes,” said Deputy Commissioner of Police (Crime) Aditya Gautam.

The first accused, Atul Sharma from Haryana, was arrested for running an investment scam under the direction of a Dubai-based handler, Sumit Garg. Police said Sharma used financially weak individuals living in paying guest accommodations to open bank accounts in the name of fake companies. These accounts were later used to launder money from fraud victims.

Investigators have traced cryptocurrency transactions worth about ₹5 crore to three wallets controlled by the gang.

In another operation, Rahul Manda, a resident of Haryana, was arrested from Roorkee, Uttarakhand, for his role in a digital arrest racket. Victims were tricked by fraudsters posing as police or telecom officials and coerced into transferring money. Manda was linked to a case in which a victim lost ₹30 lakh. He also has a prior criminal record and had served a five-year sentence.

Another accused, Varun Anchal (35) from Punjab, was held for managing mule accounts and transferring funds abroad in a case where a complainant lost ₹26.8 lakh. He had previously been arrested in similar cybercrime cases in Punjab and Haryana.

The fourth accused, Amit Kumar Singh (31), a former bank employee from Bihar, supplied bank accounts to fraudsters for a commission. His phone contained incriminating chats, and police found that he frequently changed jobs to hide his involvement. He is connected to a ₹39.5 lakh investment fraud case.

Police said investigations are ongoing to trace more suspects, financial channels, and cryptocurrency wallets linked to the syndicate.