Delhi Police Dismantles Chinese-Linked Cyber Fraud Syndicate

Delhi Police have uncovered a sophisticated cyber syndicate with suspected Chinese ties, duping a senior citizen of Rs 33 lakh through online investment scams. The network included multiple shell companies and fraudulent accounts. Several arrests have been made, revealing intricate laundering activities involving cryptocurrency.

Delhi Police have dismantled a wide-reaching cyber fraud syndicate with suspected Chinese connections, allegedly cheating a senior citizen of over Rs 33 lakh, an official reported on Sunday.

A 61-year-old complaint revealed an elaborate digital investment scam. Investigations uncovered financial manipulation through multiple beneficiary accounts, culminating in fake business firms' accounts.

Two associates, Shivam Singh from Faizabad and Delhi-based Lakshay, were identified. Lakshay, arrested on November 19, confessed to opening firm accounts and facilitating banking services for Rs 20,000 monthly under Shubham's guidance. Shubham used sophisticated evasion tactics, but was eventually captured with crucial evidence, exposing deeper network ties.

(With inputs from agencies.)