2 hrs ago
Delhi Police Arrests Key Handler in Rs 30 Lakh Fraud
Police say a man was tricked into investing money through fake online trading schemes.
The websites and apps showed profits that were not real.
The scammers then asked him to pay extra fees before he could withdraw his money.
He lost about Rs 30 lakh.
Police arrested Udit Tyagi, who allegedly helped manage bank accounts and move the money.
Investigators say the group included foreign operators, online messaging handlers, account providers and cryptocurrency dealers.
They found more than 18 bank accounts that may have been used to move stolen money.
Police are also checking possible links to more than 35 other cybercrime complaints.
Delhi Police arrested Udit Tyagi, 26, in an alleged interstate cyber fraud syndicate case involving a loss of around Rs 30.06 lakh.
The victim was allegedly lured through fake investment and trading platforms that displayed fictitious profits and later demanded multiple withdrawal-related payments.
Police said the network involved foreign operators, messaging-app handlers, mule bank accounts, cryptocurrency dealers and Indian intermediaries.
Tyagi allegedly monitored mule accounts and coordinated transactions; police said a phone and cheque book linked to an account were recovered from him.
Investigators identified links to more than 35 cybercrime complaints across states, while an alleged main coordinator known as “AK” remains absconding.
- Who
- Delhi Police arrested Udit Tyagi, while police identified several other alleged participants and an absconding coordinator known as “AK.”
- What
- An alleged interstate cyber fraud syndicate cheated a man of approximately Rs 30.06 lakh through fake online investment and trading schemes.
- Where
- The investigation involved Delhi, Meerut, Jaipur and financial links across different Indian states, as well as Thailand, Malaysia, the UAE and foreign operators.
- When
- The case was registered in November last year, and the report was dated September 4; Tyagi was arrested after arriving at Jaipur airport.
- Why
- The fraudsters allegedly used fake profits and repeated demands for fees, taxes and account services to obtain increasingly larger payments.
Key facts
- Reported loss
- Approximately Rs 30.06 lakh
- Arrested suspect
- Udit Tyagi, 26, a resident of Meerut
- Bank accounts identified
- More than 18 first-layer mule accounts
- Wider complaint links
- More than 35 cybercrime complaints across different states
- Cryptocurrency mechanism
- Transactions involving approximately 5,000-10,000 USDT in some cases
- Account-holder commissions
- Allegedly 10-15 per cent
- Evidence recovered
- Seven mobile phones, SIM cards, banking documents and digital communication records
Quotes
A Delhi Police officer
A police officer involved in the investigation
“The investigation has brought to light a well-coordinated hierarchy comprising foreign operators, digital infrastructure developers, Telegram operators, Indian intermediaries, mule-account providers, cryptocurrency handlers and local coordinators.”
theprint.in
Sources
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