Archive · 7 Dec 2025
Multi-state cyber syndicate with Chinese links busted
The Delhi Police has uncovered a group of scammers who tricked an older man out of ₹33 lakh through a fake online investment scheme.
The group had links to China and used fake companies to hide their tracks.
Two members, Lakshay and Shubham, were caught.
Lakshay admitted to creating fake bank accounts and getting paid for it.
Shubham revealed that the group used a type of digital money called USDT to launder the stolen money.
The police found computers, phones, and fake bank details during their searches.
The investigation is still ongoing to find out more about the group's activities.
A multi-state cyber syndicate with suspected Chinese links defrauded a senior citizen of over ₹33 lakh through an online investment scam.
Two accused, Shivam Singh from Uttar Pradesh and Lakshay from Delhi, were identified and arrested.
Lakshay admitted to creating fake bank accounts and procuring SIM cards for a monthly payment of ₹20,000.
Shubham, another accused, was arrested and disclosed the syndicate's financial network, including multiple shell companies and cryptocurrency laundering.
The police recovered a laptop, two mobile phones, five chequebooks, and six debit cards from Shubham's possession.
- Who
- A multi-state cyber syndicate with suspected Chinese links, including Shivam Singh, Lakshay, and Shubham.
- What
- A senior citizen was duped of over ₹33 lakh through an online investment scam.
- When
- Lakshay was arrested on November 19, and Shubham was arrested on December 6.
- Where
- Delhi and Uttar Pradesh.
- Why
- The syndicate aimed to defraud victims through a fake investment scheme and launder money using cryptocurrency.
- Victim
- 61-year-old man
- Amount Defrauded
- ₹33 lakh
- Accused
- Shivam Singh, Lakshay, Shubham
- Location
- Delhi, Uttar Pradesh
- Items Recovered
- Laptop, two mobile phones, five chequebooks, six debit cards
- Cryptocurrency Involved
- USDT
- Investigation Status
- Underway
