New Delhi, March 24 -- The Cyber Police Station team of the South-West District said it has busted a sophisticated investment fraud racket operating across Delhi, Mumbai and Rajasthan, and arrested 11 cyber fraudsters accused of duping a senior citizen of Rs 22.67 lakh on the pretext of assured high returns, officials said.

Additional Deputy Commissioner of Police (South West), Abhimanyu Poswal, said the racket was unearthed following a complaint by a senior citizen who alleged that fraudsters first made contact through a Facebook advertisement and induced him to invest via the 'Mudra One' and 'Nine Pro' applications, promising lucrative returns. The complainant ultimately invested Rs 22,67,000, but when he sought the promised returns, t...