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Delhi Police Nab Alleged Mastermind in ₹300 Crore Cyber-Fraud Network

Investigators detail a cross-border racket built on fake trading apps, mule accounts, shell firms, cryptocurrency.

Overview

  • Delhi Police arrested Karan Kajaria and 10 others in a case tied to 2,567 complaints and about ₹300 crore in fake investment scams.
  • Police say the group lured people to phony trading apps, captured one-time passwords, then funneled money through mule accounts, shell companies, crypto.
  • Surat’s Cyber Crime Cell reported a parallel network that moved about ₹47.74 crore through 35 bank accounts, seized cash and SIM cards, and traced links to Dubai.
  • State units reported fresh wins against digital-arrest and investment rackets, including arrests in Gwalior tied to a ₹2.52 crore case and a Pimpri-Chinchwad raid that froze ₹62 lakh.
  • Victims were kept on video calls and scared into transfers in recent Thane and Navi Mumbai cases, and police urge fast reporting to 1930 or cybercrime.gov.in to boost fund freezes.