India, June 30 -- Delhi Police on Monday busted an interstate cyber fraud syndicate operating from Jharkhand and Delhi-NCR and arrested 10 people, officers said on Monday.

The accused allegedly cheated victims of over Rs.26 lakh through APK malware-based banking frauds, impersonation scams and remote-access financial frauds.

Police said the accused posed as bank officials or government agencies representatives and utility providers and convinced victims to install malicious APK files sent through WhatsApp. Once installed, the fraudsters had access to victims' mobile phones, internet banking credentials and OTPs, enabling them to siphon money from their accounts.

"The investigation uncovered a larger organised cyber fraud ecosystem oper...