India, Aug. 12 -- The Delhi Police has arrested nine persons allegedly associated with a pan-India investment fraud and cyber mule syndicate purportedly linked to 34 complaints involving more than Rs 15.71 crore, officials said on Tuesday. The probe has also uncovered suspected links with persons based in Qatar, and alleged operational coordination with Dubai-based cybercriminals, they said.The accused Jamaluddin Faisal (30), Sarabjit Singh (43), Sonia Sharma (42), Shoeb Dilavar Saiyyad (26), Siddiki Mahamadsiddik Mufidbhai (30), Shaikh Riyazuddin Imtiyaz (29), Hamza Humayu (26), Kamalsha Kadarshah (30) and Muzamil Thaib (20) were arrested from Kerala, Maharashtra, Gujarat and Punjab. Also Read - Delhi court denies anticipatory bail in cyber fraud case The case came to light after a Palam Colony resident alleged he was lured into social media groups appearing to be investment-learning platforms. The accused allegedly impersonated market analysts and investment professionals, showed fabricated trading profits and persuaded him to invest through a fraudulent trading application, a senior officer said. The victim initially transferred Rs 4.82 lakh through multiple bank accounts and was allowed a small withdrawal to inspire confidence. He was subsequently asked to deposit another Rs 7.81 lakh on the pretext of an IPO allotment. Suspecting fraud, he filed a complaint on the National Cyber Crime Reporting Portal (NCRP). Police traced the cyber fraud network across states, arresting nine accused linked to shell firms and mule accounts. The syndicate was connected to 34 complaints involving Rs 15.71 crore.
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