Mastermind of Elaborate Forex Scam Syndicate Nabbed in Delhi

Delhi Police apprehend Krishna Kumar Sharma, the alleged mastermind behind a forex scam syndicate targeting professionals and businesses across India. Sharma, using elaborate setups and false promises, duped multiple victims. He is implicated in cases spanning Kolkata, Delhi, and Mumbai. Further investigation is ongoing.

The Delhi Police have arrested Krishna Kumar Sharma, the alleged mastermind behind a sprawling forex scam syndicate that has reportedly deceived traders, professionals, and travel companies across several states.

The accused, wanted in a Kolkata cheating case, manipulated victims with promises of lucrative forex trades, sometimes masquerading as a film industry professional to gain trust. He organized meetings in luxury hotels to trap businessmen, Deputy Commissioner of Police (Crime) Harsh Indora revealed.

Aided by accomplices such as his nephew and hired bouncers, Sharma established convincing scenarios to facilitate the scam. His arrest follows a series of complaints and previous fraud cases in Mumbai and Delhi, with ongoing investigations into his activities.

(With inputs from agencies.)