Delhi Police Arrest Nine in Rs 15.7 Crore Cyber Investment Fraud Syndicate

Delhi Police have busted a pan-India cyber investment fraud and mule account syndicate, arresting nine people from four states following an investigation into a complaint from a Palam Colony resident in Delhi's southwest district.

The gang has been linked to 34 cyber fraud complaints lodged on the national cybercrime reporting portal (NCRP), involving fraudulent transactions totaling more than Rs 15.71 crore. The arrests led to the solving of seven cybercrime cases registered in Delhi, which involved nearly Rs 2.7 crore of the total cheated amount, according to Deputy Commissioner of Police (Southwest) Amit Goel.

The investigation was launched at the cyber police station of the southwest district after the Palam Colony resident reported being duped of Rs 4.82 lakh. The victim was lured into social media groups that pretended to be investment-learning platforms and was cheated under the promise of trading profits.

Investigators traced the digital footprints and the trail of cheated money to identify the suspects. Police subsequently conducted raids across Kerala, Maharashtra, Gujarat, and Punjab, resulting in the arrest of nine people and the seizure of eight mobile phones containing incriminating records.

DCP Goel stated that the investigation brought to light overseas linkages, indicating a Qatar connection. Digital evidence and disclosures from the accused also suggested that operational coordination was being conducted through associates based in Dubai.

The police identified the arrested individuals as Jamaluddin Faisal (30), Sarabjit Singh (43), Sonia Sharma (42), Shoeb Dilavar Saiyyad (26), Siddiki Mahamadsiddik Mufidbhai (30), Shaikh Riyazuddin Imtiyaz (29), Hamza Humayu (26), Kamalsha Kadarshah (30), and Muzamil Thaib (20).