#BreakingNews: Delhi Police Bust Rs 4 Crore Investment Scam Linked to Cambodia
Delhi Police bust international investment fraud syndicate, arrest 8 for routing Rs 4 crore to Cambodia via mule accounts.
In a major breakthrough against cyber-enabled financial crime, the Delhi Police’s Cyber Crime Cell on Sunday dismantled a sophisticated interstate investment fraud syndicate with international links, arresting eight accused across Telangana, Uttar Pradesh, Rajasthan, and Delhi. The fraud involved luring unsuspecting victims into fake investment schemes and funneling proceeds through Indian mule accounts to operators in Cambodia.
The scam came to light following a complaint on November 7 from a 42-year-old Vasant Kunj resident, who lost Rs 15.58 lakh after being contacted on WhatsApp by fraudsters posing as investment experts. Victims were persuaded to invest in bogus stock trading platforms, unaware their money was being routed through fake corporate accounts and mule accounts before being sent abroad.
Deputy Commissioner of Police Amit Goel stated that investigators have linked 63 complaints filed on the National Cyber Crime Reporting Portal (NCRP) to this syndicate, with nearly Rs 4 crore deposited into mule accounts in just 14 days. Each participant in the chain earned commissions, making it a highly incentivised network.
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Police investigations revealed that Vanapatla Sunil Kumar, a Telangana resident, supplied mule accounts on commission. Subsequent raids uncovered additional facilitators, account handlers, and suppliers who assisted foreign operators in transferring money through layered accounts to evade detection.
Recovered evidence included 10 smartphones and 13 SIM cards used to operate the bank accounts and communicate with foreign handlers. One of the accused, an MBA graduate and former software company owner, allegedly provided a corporate account linked to 51 separate complaints.
Authorities continue to probe the syndicate’s international connections, identify additional victims, and trace the kingpins orchestrating the scam from Cambodia, emphasizing the growing sophistication of cross-border cyber-fraud operations.
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