Archive · 7 Dec 2025
Cyber Fraud Syndicate Busted in Delhi
The Delhi Police found a big group of people who were cheating others online.
They tricked a 61-year-old man out of Rs 33 lakh.
The police found out that the money was sent through fake company accounts.
Two people, Shivam Singh and Lakshay, were running the fake company.
Lakshay opened the company and gave bank details to others for money.
Another person, Shubham, was caught with lots of bank stuff.
He said he worked for someone who gave him fake company accounts and cryptocurrency.
The money was sent to a Chinese company called Kool Pay.
The police are still looking into it.
Delhi Police busted a multi-state cyber fraud syndicate linked to cross-border financial networks.
A 61-year-old man was duped of Rs 33 lakh in an online investment scam.
The funds were funneled through multiple beneficiary accounts linked to a fictitious company, Belcrest India Pvt. Ltd.
Key directors of the fake firm, Shivam Singh and Lakshay, were identified and Lakshay was arrested.
Shubham, another accused, was arrested and disclosed working for a handler who provided shell company accounts and cryptocurrency.
- Who
- Delhi Police Cyber Cell, Shivam Singh, Lakshay, Shubham
- What
- Busted a multi-state cyber fraud syndicate with suspected Chinese links
- When
- Investigation ongoing, arrests made in November and December 2023
- Where
- Delhi-NCR, Uttar Pradesh
- Why
- To dismantle a cyber fraud syndicate involved in money laundering and cross-border financial networks
- Victim's Age
- 61 years
- Amount Duped
- Rs 33 lakh
- Fictitious Company
- Belcrest India Pvt. Ltd.
- Amount Routed
- Rs 10.38 lakh
- Monthly Payment for Opening Accounts
- Rs 20,000
- Items Recovered from Shubham
- Laptop, two mobile phones, five chequebooks, six debit cards
- Shell Companies Involved
- CSP24Seven Technologies, Levin Fintech, EKO India, Rinova Pvt. Ltd., Money Wave Pvt. Ltd., Easy Mudra Pvt. Ltd., Lavi Software & Technology Pvt. Ltd.
- Chinese-Linked Entity
- Kool Pay
Sources
Man from Chhattisgarh held for operating ‘mule’ accounts in name of 5 Odisha people
Tezpur Police bust Dubai-linked money racket, 4 arrested with 44 ATM cards
Delhi Police bust multi-state scam syndicate with suspected Chinese links