The Rajasthan State Cyber Crime Police has arrested Divya Singh Kushwaha, a director of Golden Legend Leasing and Finance Limited (GLLFL), in connection with a ₹12.09 crore online gold trading fraud that duped at least one victim through a fake investment platform. The arrest was made in Mumbai following a complaint registered at the State Cyber Crime Police Station, Jaipur, on 9 December 2025.

How the Fraud Operated

According to investigators, the accused allegedly contacted the victim via WhatsApp, luring them with promises of exceptionally high returns through a counterfeit online gold trading website, www.kdeonegold.net. To build trust, the fraudsters reportedly displayed fabricated profits in a virtual wallet, encouraging the victim to make progressively larger investments.

When the victim sought to withdraw funds, the accused allegedly demanded additional payments under multiple pretexts — including income tax, processing charges, account unfreezing fees, and other levies. Despite collecting over ₹12.09 crore, the accused neither returned the invested capital nor permitted any withdrawals, according to police.

Role of GLLFL and Financial Lapses

The technical and financial investigation, conducted under the supervision of ADG (Cyber Crime) Singh, revealed that the virtual merchant account used in the fraud had been provided to Prime Information Technology Private Limited, which was allegedly being operated through GLLFL. Investigators uncovered serious lapses in onboarding procedures, Know Your Customer (KYC) compliance, due diligence, risk monitoring, and fraud detection at the company.

Notably, multiple complaints linked to the associated accounts had already been registered on the National Cyber Crime Reporting Portal (1930) by victims across several states — a red flag that went unaddressed, according to the police.

Key Arrests and Ongoing Search

Police had earlier filed a charge sheet against co-accused Iqbal Ahmed. The current arrest of Kushwaha followed fresh evidence establishing the involvement of GLLFL's directors. She has been remanded to five days of police custody, during which investigators are probing the money trail, the roles of absconding accused, and the broader cyber fraud network.

The prime suspect, Jayanta Roy, remains at large. Rajasthan Police are continuing efforts to trace other syndicate members through analysis of bank accounts, mobile numbers, financial transactions, and digital evidence.

The Investigative Team

The operation was carried out under the direction of Director General of Police (DGP) Rajiv Kumar Sharma as part of a special campaign against cyber criminals. DGP (Cyber Crime) Sanjay Agrawal confirmed the details of the case. The on-ground team was led by Station House Officer (SHO) Gajendra Sharma, with key contributions from Police Inspector Amrita Singh, Sub-Inspector Mukesh Kumar, and Constable Boduram.

Public Advisory

Rajasthan Police have urged citizens to exercise caution with investment schemes promising guaranteed or unusually high returns. Authorities advise verifying the credentials of any platform before investing and warn against sharing OTPs, UPI credentials, passwords, or PINs. Victims of cyber fraud are urged to call the National Cyber Helpline 1930 or file a complaint on the National Cyber Crime Reporting Portal immediately.

With the prime accused still absconding and victims spread across multiple states, the investigation is expected to widen significantly in the coming weeks.