New Delhi, The Delhi Police claimed to have busted an interstate cyber-fraud-and-cash-conversion racket after arresting two men from Goa. Transactions worth nearly ₹40 lakh have been uncovered.
The accused, Arjun Lal Yadav and Deependra Mahala, were apprehended from South Goa's Madgaon following a multi-state operation.
The syndicate operated across Delhi, Goa, and Rajasthan, allegedly converting proceeds of cyber fraud into physical cash through commercial establishments in Goa.
The investigation began after a complainant reported that his mobile phone was compromised during a software update, allowing criminals to access his bank accounts and siphon off ₹1.5 lakh.
Police traced ₹98,000 of the defrauded money to a fuel station in Vasco, South Goa, and found that the accused ran a structured cash-conversion racket through a dedicated phone number active on social-media platforms.
A technical analysis revealed that nearly ₹40 lakh were processed through this network, and police seized ₹1.95 lakh in cash, a Mahindra Thar SUV, and other items from the accused.
Further investigation is underway to identify the entire network, trace the money trail, and apprehend other members of the syndicate.
