India, Oct. 7 -- The Delhi Police have busted an interstate cyber fraud gang with alleged links to cybercriminals operating from Cambodia, arresting five members after raids across four states, officials said on Monday.

Police said they recovered 13 mobile phones, eight SIM cards, and one laptop used in the racket that duped people by offering fake investment schemes in stocks and IPOs promising high returns.

"The gang was actively duping victims in the name of investment in stocks and IPOs, laundering cheated money through multiple mule accounts and decentralised cryptocurrency wallets. Nearly Rs.4.25 crore of cheated money was transferred through mule accounts and crypto wallets handled by the gang against which 15 complaints on the n...