India, Oct. 7 -- Delhi Police have dismantled a cyber fraud syndicate operating across multiple states. The syndicate has links to handlers based in Cambodia. Five men were arrested after coordinated raids in Haryana, Punjab, Himachal Pradesh and Rajasthan. The gang allegedly cheated dozens of people through fake online investment schemes, laundering over Rs 4.25 crore through mule bank accounts and cryptocurrency wallets.
The case came to light after a Delhi resident, R Choudhary, reported being duped of Rs 10.7 lakh.
He had been added to a WhatsApp group that promised high returns on stock market investments.
Initially, he received small profits that appeared genuine. Encou-raged, he invested more after seeing inflated profits displaye...