Delhi Police has busted an international digital fraud racket and arrested 10 people from 7 states. This gang cheated more than Rs 50 crore through fake apps and job promises. This action is part of Operation Cycle-V.
New Delhi: The South-East district of Delhi Police has busted 10 fraudsters in an international digital fraud and extortion case. The accused have been detained from several states. According to an official statement, 10 fraudsters who duped many people are in police custody. The mastermind is also among those arrested. These criminals were caught through multiple raids in 7 states – Delhi, Mumbai (Maharashtra), Kerala, Odisha, Punjab, Uttar Pradesh and Haryana.
During the interrogation of the accused, the police have revealed a fraud of more than Rs 50 crore. This case involves 61 NCRP (National Cyber Crime Reporting Portal) complaints. Kerala, Delhi and Mumbai were the main cities where the accused were arrested. Earlier on December 14, CBI had also filed a charge sheet against 17 accused including 4 foreign nationals and 58 companies in an international cyber fraud case.
One secret was revealed with the arrest of 3 people
After arresting three key Indian associates in the case in October, the investigation revealed a syndicate that had created a massive digital and financial infrastructure to defraud innocent citizens. This included misleading loan apps, fake job offers and online gaming platforms. This case was registered on the basis of information received from 14C of the Home Ministry, which stated that a large number of citizens are being cheated through these fake apps and employment schemes.
Operation Chakra-V will break the back of cyber fraud
Further investigation of the cyber fraud syndicate by the CBI exposed the backbone of the fraud network, which included 111 shell companies with dummy directors, forged documents and false objectives of business. In this case, a case has been initiated under criminal conspiracy, forgery, use of forged documents and Prohibition of Unregulated Deposit Schemes Act, 2019. This case is part of Operation Chakra-V, the CBI’s ongoing large-scale initiative against international cyber fraud networks.