Delhi Police Dismantles ₹300 Crore International Cyber Fraud Syndicate
Rs 300 Crore International Cyber Fraud Syndicate Busted In Delhi
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Delhi Police have dismantled an international cyber fraud syndicate linked to over 2,500 complaints and scams worth ₹300 crore (approximately $36 million USD). The operation led to the arrest of mastermind Karan Kajaria and 10 others, who allegedly used fake investment platforms to defraud victims across India and abroad.
- 01The cyber fraud syndicate was linked to over 2,500 complaints and scams totaling ₹300 crore.
- 02Karan Kajaria, the alleged mastermind, was arrested at Kolkata airport.
- 03The syndicate operated through fake investment platforms and mule bank accounts.
- 04Police recovered significant evidence, including mobile phones, SIM cards, and frozen funds.
- 05Investigations are ongoing to identify additional members of the syndicate.
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Delhi Police have successfully dismantled a major international cyber fraud syndicate responsible for over 2,500 complaints and scams amounting to ₹300 crore (approximately $36 million USD). The operation led to the arrest of Karan Kajaria, the alleged mastermind, at Kolkata airport on April 3. The investigation revealed a sophisticated network operating across multiple states in India, with connections to international fraud syndicates, particularly in Cambodia. The fraudsters created fake investment platforms and used mule bank accounts to siphon off funds from unsuspecting victims. Kajaria maintained direct links with foreign operators and facilitated fund movements through cryptocurrency channels. Police recovered 48 mobile phones, 258 SIM cards, and frozen funds totaling ₹19 lakh (approximately $23,000 USD) during the crackdown. Investigations are ongoing to identify other members of the syndicate, which has been active for four to five years.
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This crackdown is crucial in protecting citizens from cyber fraud and restoring trust in online investment platforms.
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