Delhi Police bust interstate cryptocurrency fraud syndicate, three arrested in Uttarakhand

The Cyber Police Station of Delhis South District has busted an interstate cyberfraud network involved in Telegrambased task and cryptocurrency investment fraud arresting three accused persons from Udham Singh Nagar in Uttarakhand police said on ThursdayAccording to police the case came to light after a complainant reported being cheated of Rs 786300 in a Telegrambased task and cryptocurrency investment fraud The complainant allegedly came in contact with the fraudsters through a Telegram group where he was induced to undertake online tasks and invest money in cryptocurrency with the promise of substantial returnsBelieving their representations the complainant transferred Rs 786300 in two instalments of Rs 466300 and Rs 320000 as directed by the accused police saidHowever the accused neither provided the promised returns nor returned the invested amount and subsequently stopped responding to the complainantFollowing the complaint eFIR No 01492025 under Sections 3184 319 and 340 of the Bharatiya Nyaya Sanhita BNS was registered at Police Station Cyber South and an investigation was initiatedThe police team comprised SubInspector Raj Kumar Singh Head Constable Sunil Kumar Bairwa and HC Rajkumar Bairwa under the leadership of Inspector Hansraj Swami SHO PS Cyber South and the supervision of ACPOperations Balram Singh BeniwalDuring the investigation technical and financial analyses were conducted to trace the flow of fraudulent funds Police identified several mule bank accounts allegedly used to route the proceeds of the cyber fraud An amount of Rs 466 lakh was traced to one mule account while another account had received Rs 522 lakhBased on the investigation the accused Karan Biswas and Mohit Sarkar alias Monu were traced and arrested in Udham Singh NagarFurther investigation led to the formal arrest of Vinay Mandal who was already in custody in connection with another cyberfraud case registered at the Cyber Crime Police Station in Rohtak Haryana He was subsequently taken on a threeday police custody remandPolice said the accused operated Telegrambased task and cryptocurrency investment schemes to lure victims into transferring money Mule bank accounts were allegedly arranged through intermediaries on commission and used to receive route and withdraw the fraudulent funds The proceeds were also allegedly utilised for cryptocurrency transactions including through USDTThe police recovered two mobile phones one Canara Bank passbook and relevant digital and financial evidence from the accusedAccording to police Karan Biswas and Mohit Sarkar have no previous criminal involvement while Vinay Mandal was previously involved in FIR No 14825 registered at the Cyber Crime Police Station in Rohtak HaryanaPolice said the investigation resulted in the identification and arrest of three alleged members of the network and uncovered the use of mule accounts to route cyberfraud proceedsFurther investigation is underwayThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever