Noida cyber fraud bust: 3 Delhi men held for fake firms, bank account laundering
Synopsis
Three Delhi men allegedly built a shadow banking pipeline for cyber fraudsters — setting up fake companies, opening current accounts, and laundering crores in stolen funds across Karnataka, J&K, and Punjab. The Noida bust exposes a recurring playbook: shell firms as cover for digital money laundering, with victims spread across the country.
Key Takeaways
Gautam Buddha Nagar Cyber Police arrested three accused — Avinash Jha , Himanshu Kumar , and Jitendra Dahiya alias Ashu — on 22 May from Sector-44, Noida .
The accused allegedly created fictitious companies and opened current bank accounts to launder proceeds of cyber fraud.
Suspicious transactions worth crores of rupees were recorded across the accounts, according to preliminary findings.
Cyber fraud complaints linked to the accused have been filed in Karnataka , Jammu and Kashmir , and Punjab .
Items seized include five mobile phones , ₹2,800 cash , a rubber stamp , and several documents.
A case has been registered under the BNS and Section 66(D) of the IT Act ; police are tracing other network members.
The Cyber Crime branch of Gautam Buddha Nagar Police dismantled a major cyber fraud syndicate on Friday, 22 May, arresting three accused — all residents of Delhi — during an operation in the Sector-44 area of Noida. The trio allegedly set up fictitious companies, opened current bank accounts in their names, and used those accounts to launder proceeds of cyber fraud committed across multiple states.
How the Syndicate Operated
According to police, the accused created several shell companies and opened current accounts in the names of these entities at various banks. Funds derived from cyber fraud were routed into these accounts and subsequently transferred across a chain of other accounts to give the illicit money the appearance of legitimate business transactions. Preliminary findings indicate that suspicious transactions worth crores of rupees were processed through these accounts.
Who Was Arrested
The three arrested individuals have been identified as Avinash Jha, Himanshu Kumar, and Jitendra Dahiya, also known as Ashu. All three are reportedly residents of different localities in Delhi. The arrests were made on the basis of local intelligence inputs that directed investigators to the Sector-44 area.
Evidence Recovered
Police seized five mobile phones, ₹2,800 in cash, one rubber stamp, and several documents from the accused. The rubber stamp and documents are believed to have been used in registering the fictitious companies and opening fraudulent bank accounts.
Multi-State Fraud Trail
According to investigative agencies, cyber fraud complaints linked to the accused have been registered in several states, including Karnataka, Jammu and Kashmir, and Punjab. Police are now working to identify other members of the network and to determine the total number of bank accounts used in the scheme. A case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS) and Section 66(D) of the Information Technology Act.
Public Advisory
Gautam Buddha Nagar Cyber Police have urged citizens to remain vigilant and avoid opening bank accounts or registering firms in their own name at the request of any unknown individual. Anyone who notices suspicious transactions or falls victim to cyber fraud is advised to immediately report the matter on the National Cyber Helpline number 1930.
Point of View
These busts will remain symptomatic rather than structural fixes. The multi-state complaint trail — Karnataka, J&K, Punjab — also underscores that cyber fraud networks operate nationally while investigators often work jurisdictionally.
NationPress
7 Jul 2026
Frequently Asked Questions
What did the Noida cyber fraud syndicate do?
The syndicate allegedly created fictitious companies, opened current bank accounts in their names, and used those accounts to receive and transfer funds obtained through cyber fraud, effectively laundering crores of rupees to make the money appear legitimate.
Who were the three accused arrested in Noida?
The arrested individuals are Avinash Jha, Himanshu Kumar, and Jitendra Dahiya (alias Ashu), all reportedly residents of different localities in Delhi. They were apprehended during an operation in Sector-44, Noida on 22 May.
Which states have registered cyber fraud complaints linked to these accused?
According to investigative agencies, complaints linked to the accused have been registered in Karnataka, Jammu and Kashmir, and Punjab, indicating the syndicate's operations spanned multiple states.
What charges have been filed against the accused?
A case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS) and Section 66(D) of the Information Technology Act, which deals with cheating by personation using computer resources.
How can citizens protect themselves from this type of cyber fraud?
Gautam Buddha Nagar Cyber Police advise citizens never to open a bank account or register a firm in their own name on behalf of an unknown person. Anyone who spots suspicious transactions or is defrauded online should immediately call the National Cyber Helpline at 1930.
