Delhi Police Cracks Down on Multi-State Cyber Syndicate with Chinese Ties
Image Source: Internet
In a major breakthrough, the Delhi Police has dismantled a multi-state cyber syndicate with suspected Chinese links that allegedly swindled a senior citizen of over ₹33 lakh through an online investment scam. The syndicate, which operated through a complex web of fake accounts and shell companies, had been evading detection for weeks. According to police officials, the syndicate's activities came to light when a 61-year-old man filed a complaint about being duped in a fraudulent digital investment scheme. Technical analysis revealed that the money had been laundered through multiple layers of beneficiary accounts, eventually landing in the bank accounts of a fake private limited company. The police identified two key individuals linked to the fictitious firm: Shivam Singh from Uttar Pradesh's Faizabad and Lakshay, a resident of Delhi. Lakshay was arrested on November 19 and during interrogation, he revealed that he had opened a firm account on the instructions of co-accused Shubham and others. He also confessed to creating bank accounts, procuring SIM cards, and handing over bank kits for a monthly payment of ₹20,000. After a thorough investigation, a team of police officers finally arrested Shubham in Tilak Nagar on Saturday. During the raid, they recovered a laptop, two mobile phones, five chequebooks, and six debit cards from his possession. Shubham revealed that the syndicate's deeper financial network included multiple shell companies and that he had received USDT (a type of cryptocurrency pegged to the US dollar) from a Chinese handler, creating a repeated laundering cycle. The police are now investigating further to uncover the syndicate's wider financial network and to bring the perpetrators to justice.
