New Delhi, April 13 (NationPress) In a significant operation targeting cyber-related financial crimes, the Crime Branch of the Delhi Police has dismantled an interstate investment fraud ring and apprehended a major suspect believed to be involved in misappropriating fraudulent funds, officials announced on Monday.

The individual, named Jamsheed K., 33, hails from the Malappuram district in Kerala. He was arrested for his involvement as a principal money handler in a sophisticated cyber fraud scheme that deceived victims with counterfeit investment opportunities.

As per police reports, the case was initiated by a complaint from Sandeep Kumar, who fell victim to a Facebook message promoting a trading platform. He was later included in a WhatsApp group where members encouraged him to download a trading application called “INDIAN NIVESH” and invest in the stock market with enticing promises of high returns.

Convinced by these assertions, the complainant transferred a total of Rs 45.9 lakh into eight different bank accounts as directed by the scammers. The application subsequently displayed a fabricated profit of approximately Rs 7 crore in his account. However, when he attempted to withdraw his funds, the operation failed. He was then pressured to deposit additional funds within a week to facilitate the withdrawal, or risk having his account blocked.

Shortly thereafter, his account was indeed blocked, and all contact from the fraudsters, including a woman known as “Mrs. Vaniya” and other group members, abruptly ceased.

During the investigation, authorities traced the financial pathways and discovered that Rs 10 lakh — the largest initial transaction — had been deposited into a bank account associated with a company named JFS Traders in Kerala. This account, held at a private bank branch in Malappuram, exhibited numerous suspicious transactions, with money swiftly transferred to other accounts, indicating a classic pattern of cyber fraud activity.

Further scrutiny revealed that this account was linked to over 21 cyber fraud complaints on the government’s Samanvaya portal, highlighting its involvement in various fraudulent schemes across states.

Following these leads, a specialized team was assembled under the guidance of senior Crime Branch officials. They conducted both technical and manual surveillance, successfully tracking the suspect to Kerala. He was ultimately apprehended in Kondotty on April 5, with the cooperation of local law enforcement.

Authorities stated that Jamsheed previously worked as an auto driver and later spent time in Saudi Arabia, where he was employed at a fish market in Jeddah. Upon returning to India, he launched a fruit trading business with two associates. However, when that venture faltered, they allegedly started leasing their bank accounts to cyber criminals for a commission, eventually becoming entangled in the fraudulent network.

An FIR (No. 43/25) has been filed under applicable sections of the Bharatiya Nyaya Sanhita at the Crime Branch police station.

Officials noted that the investigation is ongoing to identify and apprehend other participants of the interstate syndicate.

The Delhi Police expressed optimism that this arrest will facilitate the unraveling of a broader cyber fraud ecosystem operating across several states, reaffirming their dedication to combating organized financial crimes.