Delhi Police Bust Multi-State Cyber Fraud Rackets, Arrest Five; ₹24 Crore Money Trail Uncovered

New Delhi, Dec 19, 2025: Delhi Police have successfully busted two major online investment fraud rackets, arresting five men and uncovering a money trail totaling approximately ₹24 crore. The suspects allegedly cheated victims by luring them to install fake investment applications promising high returns, police officials said. The investigation revealed that these rackets operated through bogus trading apps and fake online groups, targeting unsuspecting investors across multiple states. In the first case, the complainant was persuaded to join a group and install a fraudulent app called ‘Cventura.’ Over several transactions, the victim transferred ₹31.45 lakh into six different bank accounts. When the victim demanded returns, the group vanished and the app became non-functional. Police investigations traced the money through multiple mule bank accounts used to siphon off funds. Based on technical surveillance and bank account analysis, raids were conducted in Ludhiana and Khanna, Punjab. Rajiv from Rupnagar, identified as a mule account holder, and Monu Kumar from Ludhiana, who facilitated the opening of bank accounts for fraudsters in exchange for commission, were arrested. Rajiv’s account showed transactions exceeding ₹1 crore before it was deactivated, including around ₹6.45 lakh linked to the case. In the second case, a complainant joined the ‘VIP 10 Stock Sharing Group’ in July and invested through another fake app called ‘Verger.’ The victim transferred ₹47.15 lakh into nine bank accounts before the group and app were abruptly shut down. Subsequent raids in Hisar and Panchkula led to the arrest of Mohit, who had opened an account in his wife’s name for fraudulent purposes. Additional arrests included Balwan from Churu, Rajasthan, and Rajbir Singh, whose account was also used to route large sums of money. Investigators discovered that around ₹3 crore and ₹20 crore were transacted through Mohit and Rajbir’s accounts respectively, pointing to large-scale money laundering. Delhi Police confirmed that the cyber fraud network was well-organized, spanning multiple states, using fake apps, online groups, and layered mule accounts managed through local agents. Authorities have seized several mobile phones, SIM cards, ATM cards, cheque books, and bank documents, and are working to trace end beneficiaries, identify more victims, and apprehend additional suspects. The police have urged citizens to exercise caution while investing online and verify the authenticity of investment platforms before transferring funds. This bust highlights the increasing sophistication of cyber fraud schemes and the necessity for vigilance among digital investors. Delhi Police Bust Multi-State Cyber Fraud Rackets, Arrest Five; ₹24 Crore Money Trail Uncovered Delhi Police have cracked down on two major cyber fraud networks, arresting five men and uncovering a massive ₹24 crore money trail. The suspects allegedly tricked people into installing fake investment apps, promising high returns, only to disappear once the money was transferred. In the first case, a victim was persuaded to install a fraudulent app called ‘Cventura’ and transfer ₹31.45 lakh into six different accounts. When the victim asked for profits, the group vanished and the app stopped working. Police traced the money through multiple mule accounts, leading to raids in Ludhiana and Khanna, Punjab, where Rajiv and Monu Kumar were arrested. Rajiv’s account alone showed transactions exceeding ₹1 crore before it was deactivated, while Monu acted as a facilitator, helping fraudsters open bank accounts in exchange for a commission. In the second case, another victim joined a group called ‘VIP 10 Stock Sharing Group’ and invested ₹47.15 lakh through a fake app named ‘Verger.’ Police raids in Hisar, Panchkula, Churu, and Rajasthan led to the arrest of Mohit, Balwan, and Rajbir Singh. Investigators found that Mohit and Rajbir’s accounts processed ₹3 crore and ₹20 crore, respectively, highlighting the scale of the fraud and money laundering involved. Officials said the cyber fraud network was highly organized, operating across multiple states using fake apps, online groups, and layered bank accounts. Several mobile phones, SIM cards, ATM cards, and bank documents were seized. Investigations are ongoing to identify more victims, trace the final beneficiaries, and apprehend other suspects. Authorities have warned the public to verify investment platforms before transferring money online and remain cautious of too-good-to-be-true promises. This case underscores the growing sophistication of online scams and the need for vigilance while investing digitally.