Delhi Police Arrest Two in Major Cyber Investment Fraud Exceeding Rs 74 Lakh
Synopsis
Delhi Police have cracked down on a major cyber fraud ring, arresting two suspects linked to scams totaling over Rs 74 lakh. The operation reveals a complex network of deceit involving cryptocurrency and fake investment schemes.
Key Takeaways
Delhi Police arrested two key suspects in cyber fraud cases totaling over Rs 74 lakh.
The arrests revealed a sophisticated cyber fraud network using advanced digital tools.
Victims were lured through fake investment schemes on social media.
Authorities encourage vigilance against unsolicited investment offers.
Ongoing investigations aim to identify more members of the fraud ring.
New Delhi, April 9 (NationPress) In an extensive operation targeting organized cyber investment scams, the Crime Branch of Delhi Police has apprehended two major suspects linked to separate fraud cases totaling over Rs 74 lakh, as confirmed by officials on Thursday.
Authorities stated that these arrests have unveiled a sophisticated cyber fraud syndicate that utilizes mule bank accounts, international operatives, cryptocurrency transactions, and sophisticated digital strategies to avoid detection by law enforcement.
In the first incident, a prominent facilitator named Rahul Tyagi, hailing from Greater Noida in Uttar Pradesh, was detained for his role in a cyber investment fraud that cheated victims out of Rs 27.82 lakh.
This case was initiated at the Cyber Cell of the West District following a complaint lodged through the national cyber helpline 1930. The victim was allegedly enticed into a WhatsApp group promoting enticing investment options in stock trading, IPOs, and over-the-counter (OTC) platforms, leading to a loss of Rs 27,82,422.
The perpetrators propagated fraudulent investment schemes via social media, convincing victims to deposit funds into a network of layered bank accounts. These accounts, reportedly acquired on commission, were controlled remotely using APK-based messaging applications, enabling the fraudsters to use them temporarily before discarding them to evade detection.
A specialized team, led by Inspector Vinay Kumar, SI Rakesh Malik, and other officials under Inspector Sandeep Singh’s supervision, utilized technical surveillance, financial trail analysis, and field checks to capture Tyagi at his residence.
During questioning, Tyagi disclosed that he established contact with foreign handlers via Telegram and, along with accomplices, including Sanjay Shinde, set up multiple bank accounts for fraudulent transactions. He admitted to operating approximately 10 to 12 bank accounts for handlers based in China, initially receiving payments in cryptocurrency, particularly USDT via Binance, and later in cash, profiting around Rs 14-15 lakh from the scheme.
Authorities further revealed that Tyagi had previously faced arrest by Mumbai Police in a similar cyber fraud case involving Rs 2.5 crore.
In a separate case, the Cyber Cell of South-East Delhi arrested Rinku, 36, also from Greater Noida, in connection with a Rs 47 lakh investment scam.
This case was documented on June 23, 2025, following a complaint from Md. Waquar Azam, who reported being defrauded of Rs 47 lakh under the guise of investment.
Investigations revealed the involvement of nine bank accounts in the fraud, with Rs 4.40 lakh held as a lien, of which approximately Rs 1 lakh has been returned to the complainant.
Police indicated that Rinku served as a mule account holder, transferring the SIM linked to his business's bank account to co-conspirator Sonu and another unidentified party. Roughly Rs 31.45 lakh of the fraudulently obtained funds was channeled through his account before being layered and further transferred.
Rinku also reportedly traveled to Agra, staying in a hotel for two days to facilitate the fraudulent operations, according to officials.
He was arrested in Greater Noida based on technical evidence and financial tracking. A mobile device was seized from him.
Aditya Gautam, Deputy Commissioner of Police for the Crime Branch, urged the public to stay cautious against unsolicited investment propositions on platforms such as WhatsApp and Telegram and to promptly report any suspicious activities to helpline 1930.
Investigations are ongoing to identify and apprehend additional members of the cyber fraud network.
Point of View
It is imperative to recognize the growing threat posed by cyber fraud. The recent arrests by Delhi Police underline the necessity for public vigilance and the importance of reporting suspicious activities. This case serves as a stark reminder of the sophisticated tactics employed by fraudsters today.
NationPress
4 Aug 2026
Frequently Asked Questions
What was the total amount involved in the fraud cases?
The total amount involved in the fraud cases exceeded Rs 74 lakh.
How were the victims lured into the scams?
Victims were lured through WhatsApp groups offering enticing investment opportunities in stock trading and other platforms.
What methods did the fraudsters use to evade detection?
The fraudsters utilized mule bank accounts, cryptocurrency transactions, and remote control of SIM cards to evade detection.
What should individuals do if they encounter suspicious investment offers?
Individuals should remain vigilant and report any suspicious investment offers to the helpline 1930.
Are there ongoing investigations related to this case?
Yes, further investigations are underway to identify and apprehend additional members of the cyber fraud network.
