Archive · 17 Nov 2025
Forex Scam Uncovered: Delhi Police Arrests Bank Employee, 2 Others Linked to Dubai Operators
Some bad guys in Delhi and Dubai tricked people into giving them money by pretending to be good at forex trading.
They showed fake profits on social media to make it look real.
They used fake companies and special bank accounts to hide the stolen money.
A bank employee helped them get access to these accounts.
The police caught three people involved, including the bank employee.
One person lost a lot of money, about Rs 40 lakh, and the police are still looking for more people involved and trying to find where all the money went.
Delhi Police arrested three individuals for their alleged involvement in an interstate forex trading scam linked to Dubai-based handlers.
The scam involved luring victims via social media with fake forex trading profits shown on manipulated dashboards.
The arrested individuals include a mule-account provider, a private bank sales manager who facilitated access to corporate accounts, and a key handler linking to Dubai-based operators.
Shell companies like 'Rebootz Sync Professionals Pvt Ltd' and 'ThinkSync Professionals Pvt Ltd' were used to create mule accounts for laundering funds.
One victim reportedly lost Rs 40 lakh, and investigators believe more individuals may have been targeted in the scam.
- Who
- Delhi Police, Anurag Kumar (mule-account provider), Zeeshan Syed (private bank sales manager), Himanshu Gupta (key handler), Dubai-based handlers (including Abdul, alias Vickey), victims of the scam.
- What
- Arrest of three individuals linked to an interstate forex trading scam involving money laundering through shell companies and mule accounts, operated by Dubai-based handlers.
- When
- Arrests made on Monday (November 17, 2025); investigation ongoing.
- Where
- Operations conducted in Delhi and Faridabad; scam operated with Dubai-based handlers.
- Why
- To launder proceeds of investment frauds by creating shell companies and mule accounts, and to lure victims with fake forex trading profits.
Law Enforcement's Findings
Perpetrators' Operations
Network and Modus Operandi
Law Enforcement's Findings
Delhi Police uncovered an interstate forex trading scam operated by Dubai-based handlers. The arrested individuals allegedly created shell companies and mule accounts to launder proceeds from investment frauds.
Perpetrators' Operations
The syndicate lured victims through social media by showing manipulated dashboards with fictitious forex trading profits. Victims were induced to deposit money repeatedly, which was then routed through a network of accounts of shell companies like 'Rebootz Sync Professionals Pvt Ltd' and 'ThinkSync Professionals Pvt Ltd'.
Roles and Facilitation
Law Enforcement's Findings
Three individuals were arrested: Anurag Kumar (mule-account provider), Zeeshan Syed (private bank sales manager), and Himanshu Gupta (key handler). Syed allegedly facilitated fraudulent access to corporate accounts for Rs 70,000, and Kumar opened multiple mule accounts for Rs 2 lakh.
Perpetrators' Operations
The entire banking kits of the shell companies, including ATM cards, cheque books, SIM cards, and net-banking credentials, were handed over to cybercriminals operating from Dubai. A handler named Abdul, alias Vickey, is under scanner.
Financial Impact and Scale
Law Enforcement's Findings
The syndicate allegedly defrauded one victim of Rs 40 lakh, and police believe more individuals may have been targeted. Investigations are ongoing to identify more members and trace the flow of funds.
Perpetrators' Operations
The scam involved routing laundered money through shell companies and handing over operational control of these accounts to Dubai-based cybercriminals.
- Number of Arrests
- 3
- Accused Roles
- Mule-account provider, Private bank sales manager, Key handler
- Locations of Arrests
- Delhi and Faridabad
- Base of Handlers
- Dubai
- Victim Luring Method
- Social media groups with manipulated dashboards showing fictitious forex trading profits
- Shell Companies Mentioned
- 'Rebootz Sync Professionals Pvt Ltd', 'ThinkSync Professionals Pvt Ltd'
- Amount Lost by One Victim
- Rs 40 lakh
Sources
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