Delhi Cyber Syndicate Busted: Nine Arrested in Massive Online Fraud Operation

The Delhi Police arrested nine individuals tied to a transnational cybercrime syndicate involved in large-scale online fraud and money laundering worth over Rs 5.24 crore. Operating from a hotel in Dwarka, the syndicate used compromised bank accounts and laundered money via hawala and cryptocurrency channels.

The Delhi Police have taken into custody nine members of an international cybercrime syndicate, accused of large-scale online fraud and money laundering, amounting to more than Rs 5.24 crore, officials announced Saturday.

The suspects were captured during a raid at a Dwarka hotel on November 26, where the group allegedly conducted their illegal operations. Authorities revealed the group frequently relocated to avoid detection.

The syndicate is believed to have laundered the funds through a complex network involving hacked accounts, middlemen, and cryptocurrencies. Police continue to probe the operation, searching for additional culprits and overseas masterminds.

(With inputs from agencies.)