The Crime Branch of Delhi Police has busted a major cyber fraud network involving fake IPO investment schemes, “digital arrest” scams and forex trading frauds, exposing a racket linked to cyber crimes worth over ₹1.22 crore.
According to officials, the Cyber Cell and ISC unit of the Crime Branch arrested three accused from Gujarat, Rajasthan and Madhya Pradesh during a coordinated operation.
Investigators said the accused allegedly duped multiple victims through fraudulent investment offers, fake enforcement threats and illegal forex trading schemes. The money trail was tracked across several bank accounts during the investigation.
Police said the bank accounts used in the operation were also linked to multiple complaints registered on the National Cyber Crime Reporting Portal (NCRP).
The accused are alleged to have targeted victims by promising high returns through fake IPO investment opportunities and forex trading platforms, while some victims were reportedly threatened using the “digital arrest” modus operandi.
Delhi Police said the fraud amount linked to the racket exceeds ₹1.22 crore.
The operation was carried out by teams led by Inspectors Manjeet Kumar and Satender Poonia under ACPs Swagat Patil Rajkumar and Ramesh Lamba, under the supervision of DCP Aditya Gautam.
Further investigation is underway to identify additional accused, beneficiary accounts and the wider network involved in the cyber fraud operations.
