Did Delhi Police Capture Four Fraudsters in a Rs 16 Lakh Investment Scam?
Synopsis
In a significant crackdown, the Delhi Police have arrested four individuals believed to be part of a cyber fraud scheme that resulted in a staggering loss of Rs 16 lakh. This case highlights the risks involved in investment scams and the relentless efforts of law enforcement to combat cybercrime. Stay informed about the latest developments in this ongoing investigation.
Key Takeaways
Delhi Police arrested four individuals involved in a Rs 16 lakh investment scam.
Victims were lured with promises of 300 percent profit .
The fraudsters used WhatsApp to communicate and execute their plans.
Investigations revealed a well-organized network of cyber fraud.
Authorities continue to urge the public to be cautious with investments.
New Delhi, Dec 10 (NationPress) The Delhi Police apprehended four individuals linked to an investment fraud amounting to Rs 16 lakh on Wednesday.
As per a declaration from the South-West District Police, a unit from the Cyber Police Station detained the fraudsters: Manish Dilip Bhai Koshti (37), Mohd. Zaid A. Sidi (28), Md. Aezaz Khimani (35), and Shaikh Abrar (27), all hailing from Ahmedabad, Gujarat. They seized six mobile phones, six debit cards, and eight SIM cards that were utilized in the fraudulent activities.
A complaint was lodged by A. Kumar of Palam Colony at the Cyber/SWD police station through NCRP, where he detailed that he was added to a WhatsApp group named “71 Abbott.” The group's admin and members impersonated representatives of an investment firm, enticing him with claims of a 300 percent profit. They coerced him into making numerous payments at various stages, ultimately defrauding him of Rs 16,00,000. An FIR No. 112/25 was registered on October 27 under Section 318(4) BNS, initiating an investigation.
A specialized team consisting of Sub Inspector Sombir, Head Constable Jitender, HC Mayurpal, and HC Sandeep was assembled under the oversight of Insp. Pravesh Kaushik, SHO/PS Cyber, and the comprehensive guidance of Vijay Kumar, ACP/OPS, to track the fraud network. Using technical surveillance, analysis of digital footprints, and scrutiny of the monetary trail, the team determined that portions of the defrauded funds—Rs 50,000 and Rs 2,00,000—were funneled through UCO Bank and RBL Bank accounts before being deposited into Manish Koshti's account at HDFC Bank via payment gateways like Cred and Razorpay.
A raid in Ahmedabad resulted in the capture of Manish Koshti. During questioning, he disclosed his role in processing the fraudulently acquired funds through credit card bill payments for a 5 percent commission. He also implicated Zaid and other accomplices. Acting on this information, further raids were executed in Ahmedabad, leading to the arrest of the remaining three suspects—Mohd. Zaid, Md. Aezaz, and Shaikh Abrar. All incriminating digital devices and bank cards utilized in the scam were confiscated.
The accused initially engaged in buying and selling mobile phones but later established an office in Ahmedabad where they laundered the stolen funds through credit card bill payments, trading in USDT, and other channels. They earned a 5 percent commission for each transaction, which was distributed among all participants, functioning as a well-organized financial settlement unit for various cybercrime syndicates.
Ongoing investigations are in progress.
Point of View
It is crucial to highlight the ongoing battle against cybercrime and its impact on citizens. This incident serves as a stark reminder of the importance of vigilance when it comes to investments. The swift action taken by the Delhi Police is commendable and reinforces the need for robust legal frameworks to combat such crimes effectively.
NationPress
9 Aug 2026
Frequently Asked Questions
What is the nature of the scam?
The scam involved fraudulent investment schemes where victims were promised unrealistic profits, ultimately resulting in significant financial losses.
How did the police track down the fraudsters?
The police utilized technical surveillance and analysis of digital footprints, along with investigation of banking transactions, to trace the fraud network.
What measures can be taken to avoid investment scams?
Always research investment opportunities thoroughly, be wary of promises of high returns, and consult financial advisors before engaging in any investments.
What actions have been taken against the arrested individuals?
The arrested individuals are facing charges under relevant sections of the law, and further investigations are ongoing to uncover any additional associates involved.
How can victims report such scams?
Victims can file complaints with local police authorities or cyber crime units to initiate investigations into fraudulent activities.
