Delhi Police Arrests Leader of Foreign Currency Fraud Syndicate

In a significant crackdown, the Delhi Police have arrested Krishna Kumar Sharma, the alleged leader of a foreign currency fraud syndicate. This group has been implicated in scams targeting traders and professionals across various states. Sharma, who was wanted in a Kolkata fraud case, reportedly deceived victims by posing as a filmmaker and offering attractive currency exchange deals. The police acted on an arrest warrant issued by a Kolkata court, leading to his capture in West Delhi. This arrest highlights ongoing efforts to combat organized crime in the region.

By Narendra Chaudhary Dec 7, 2025, 18:03 IST

Arrest of Fraud Syndicate Leader

The Delhi Police have apprehended the alleged leader of an organized crime syndicate involved in foreign currency fraud. This group has reportedly defrauded traders, professionals, and travel companies across multiple states, as confirmed by an official on Sunday.

According to police reports, the suspect, Krishna Kumar Sharma, aged 31, was wanted in a fraud case registered in Kolkata. He allegedly deceived an individual under the pretense of currency exchange, absconding with $15,000 and €1,000, valued at approximately ₹14.5 lakh.

Deputy Commissioner of Police (Crime) Harsh Indora stated, 'Sharma operated a sophisticated fraud ring that lured victims with attractive currency exchange offers, often posing as a professional from the film industry. He reportedly presented himself as a filmmaker and arranged meetings in five-star hotels to gain the trust of traders.'

The police revealed that a Kolkata court had issued an arrest warrant for Sharma on December 6. Acting on this information, a team located and arrested him in the Uttam Nagar area of West Delhi on the same day. The DCP noted that Sharma has been involved in several fraud cases in Mumbai and Delhi previously.