Delhi Police Arrest Six in Cryptocurrency Scam Involving Online Fraud

Cyber Fraud Gang Busted in Delhi

New Delhi, August 4 - The Delhi Police have apprehended six members of a cyber fraud gang accused of deceiving a resident of the national capital by promising substantial profits through online promotions and cryptocurrency investments. Authorities disclosed this information on Tuesday. According to officials, the suspects defrauded the victim of ₹4.29 lakh by luring him with promises of high commissions for fake online promotional work and lucrative returns through a fraudulent cryptocurrency trading platform.

As per police reports, the scammers initially posed as representatives of a digital marketing company to recruit the victim into a group. They built trust by paying him some commissions before introducing him to another group, where they convinced him to invest large sums in fictitious promotional activities and a bogus cryptocurrency trading platform. Amit Goyal, Deputy Commissioner of Police (DCP) for Southwest Delhi, stated that the fraudsters displayed fake profits and facilitated online money transfers from the complainant. When the victim requested to withdraw his funds, they allegedly claimed that his trading account had been 'frozen' and demanded additional money to reactivate the account and process the withdrawal.

Realizing he had been scammed, the victim filed a complaint on the National Cyber Crime Reporting Portal, leading to the registration of an e-FIR in the Southwest district. The DCP reported that during the investigation, police analyzed bank records, call detail records, CCTV footage from ATMs, and other digital evidence. The investigation team first traveled to Jaipur, where they arrested Suresh Kumar Yadav, a 'mule' bank account holder, and Pooranmal Yadav, who facilitated the account setup. Officials later discovered that the money obtained from the scam was withdrawn from ATMs in Indore, Madhya Pradesh, leading to the arrest of Arshan Mohammad and Gufran Qureshi, who were allegedly involved in the withdrawals.

The police subsequently arrested Abhijit Patidar and Aryan Rathore, who were reportedly responsible for providing bank accounts to receive the scam proceeds. Authorities have seized six mobile phones containing conversations linked to the crime.