In a major operation, Delhi Police have busted multiple interstate cyber fraud syndicates involved in so-called “digital arrest”, fake IPO and online trading scams. The crackdown uncovered fraud worth around ₹10.6 crore across 89 complaints, with six accused arrested so far.

Multi-state syndicates exposed in major crackdown

According to The Times Of India, DCP (Outer North) Hareshwar V. Swami mentioned that the syndicates targeted unsuspecting citizens, particularly the elderly, using fear, deception and promises of high returns. In one case, an elderly couple was allegedly kept under psychological pressure for nearly a week by fraudsters posing as officials from TRAI and the CBI. The victims were coerced into transferring ₹20 lakh, out of which ₹18.5 lakh was traced to an account operated by an आरोपी arrested from Ranchi.

Fake IPO and trading scams unravelled

In another case, a victim was cheated of ₹7.79 lakh through a fake IPO scheme run via a fraudulent mobile application. The accused, arrested from Roorkee while attempting to flee abroad, was linked to 25 complaints involving more than ₹4 crore. A separate case involved an accused from Shahdara who allegedly duped victims by promising high returns through fake online trading platforms. His linked account was connected to 24 complaints worth over ₹1 crore, highlighting the scale of the operation.

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Raids across states, more links under probe

In a separate digital arrest scam involving threats related to SIM misuse, three more accused were arrested following coordinated raids across Madhya Pradesh, Uttar Pradesh and Delhi. Police confirmed that 100% recovery was made in this particular case. Investigators believe these syndicates operated in a highly organised manner, using multiple bank accounts and digital platforms to carry out fraud. Further investigation is underway to trace additional victims and uncover wider links.

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The crackdown highlights the growing sophistication of cyber fraud networks and the need for increased vigilance among citizens. Authorities have urged people to verify calls claiming to be from officials and avoid sharing sensitive information or transferring money under pressure, as cyber scams continue to evolve rapidly.