Delhi cheating case: Man held, ₹60 lakh in jewellery and cash seized
Synopsis
A Delhi man posed as an investment expert on social media, won a woman's trust, then allegedly fled with her jewellery, ₹14 lakh in cash and a credit card. Police tracked him to Gujarat and recovered nearly ₹60 lakh in assets — a textbook social-media investment scam that is becoming one of India's fastest-growing fraud categories.
Key Takeaways
Yash Kailash Bulchandani , 24, a resident of Kheda, Gujarat , was arrested during a raid in Mehsana by Safdarjung Enclave Police Station staff.
The accused allegedly posed as an investment expert on social media before fleeing with the victim's valuables worth around ₹60 lakh on 9 July .
Items recovered include 96 grams of melted gold , two gold coins, a gold chain, a diamond set, and a mobile phone.
An FIR was filed on 17 July under Sections 318(4) and 303(2) of the Bharatiya Nyaya Sanhita (BNS) .
The case was cracked through CCTV analysis, technical surveillance, and inter-agency coordination led by Inspector Rajneesh Kumar under ACP Melvyn Verghese .
A 24-year-old man has been arrested by the Safdarjung Enclave Police Station in New Delhi in connection with a cheating case involving jewellery and cash worth approximately ₹60 lakh. The accused, identified as Yash Kailash Bulchandani, a resident of Kheda, Gujarat, was nabbed during a police raid in Mehsana.
What Was Seized
At the time of arrest, police recovered approximately 96 grams of melted gold, two gold coins, a gold chain, a diamond set, and a mobile phone from Bulchandani's possession. Authorities have stated that the recovered items are suspected stolen property linked directly to the complainant in New Delhi.
How the Accused Allegedly Operated
According to police, the complainant first came into contact with Bulchandani through social media. He allegedly presented himself as an investment expert, gradually earning the victim's trust before inducing her to hand over money and jewellery for purported investment purposes. On 9 July, the accused met the complainant in Delhi and allegedly fled with her mobile phone, jewellery, a bag containing ₹14 lakh in cash, and a credit card.
The Investigation
An FIR was registered at the Safdarjung Enclave Police Station on 17 July under Sections 318(4) and 303(2) of the Bharatiya Nyaya Sanhita (BNS). A dedicated team was subsequently constituted under the leadership of Inspector Rajneesh Kumar, Station House Officer (SHO) of Safdarjung Enclave Police Station, and the overall supervision of Assistant Commissioner of Police Melvyn Verghese. The team comprised Sub-Inspector Pankaj Kumar, Head Constable Bhavani Singh, and Constable Abhishek.
Investigators conducted technical analysis, examined CCTV footage, verified available records, and coordinated with concerned agencies and service providers. Acting on developed leads, the team conducted a targeted raid in Mehsana, Gujarat, resulting in Bulchandani's arrest.
Current Status
Police have stated that the case has been resolved with the accused's arrest and the recovery of the suspected stolen property. Notably, this case fits an increasingly common pattern of social-media-enabled investment fraud, where perpetrators build trust digitally before executing in-person theft. Further investigation into the matter is ongoing, and police have not yet ruled out the possibility of additional accused.
Point of View
Suggesting improved inter-state coordination. The deeper concern, however, is that such scams are structurally underreported because victims often feel embarrassed — meaning the ₹60 lakh figure likely understates the broader problem.
NationPress
18 Sept 2026
Frequently Asked Questions
Who is Yash Kailash Bulchandani and why was he arrested?
Yash Kailash Bulchandani is a 24-year-old resident of Kheda, Gujarat, arrested by Delhi's Safdarjung Enclave Police in connection with a cheating case worth approximately ₹60 lakh. He allegedly posed as an investment expert on social media to defraud a woman of her jewellery, cash, and a mobile phone.
What items were recovered from the accused?
Police recovered approximately 96 grams of melted gold, two gold coins, a gold chain, a diamond set, and a mobile phone from Bulchandani at the time of his arrest in Mehsana, Gujarat.
How did the accused allegedly cheat the victim?
According to police, the accused contacted the victim through social media, presented himself as an investment expert, and gradually gained her confidence. He then met her in Delhi on 9 July and allegedly fled with her mobile phone, jewellery, ₹14 lakh in cash, and a credit card.
Under which legal sections was the FIR registered?
The FIR was registered on 17 July at Safdarjung Enclave Police Station under Sections 318(4) and 303(2) of the Bharatiya Nyaya Sanhita (BNS), which relate to cheating and theft respectively.
How did Delhi police locate and arrest the accused?
Investigators used technical analysis, CCTV footage examination, records verification, and coordination with agencies and service providers to identify the accused. Acting on the leads developed, a team led by Inspector Rajneesh Kumar conducted a raid in Mehsana, Gujarat, where Bulchandani was arrested.
