New Delhi, Apr 6 (TNT): The Delhi Police Crime Branch has dismantled a major international cyber fraud syndicate linked to over 2,500 complaints and an estimated ₹300 crore in scams, police officials said on Monday.
Eleven individuals have been arrested so far, including the alleged mastermind, Karan Kajaria, who was intercepted at Kolkata Airport on April 3 following a Look Out Circular (LOC).
Police said Kajaria acted as a key coordinator between India-based operatives and international networks, particularly in Cambodia.
The case originated from a complaint filed by a Delhi resident who was allegedly duped of ₹31.45 lakh through a fake investment application named “Cventura.” Investigations subsequently uncovered a large-scale operation targeting victims through fraudulent online trading platforms.
According to police, the syndicate lured victims via WhatsApp groups and persuaded them to download malicious apps promising high returns. Funds were routed through more than 260 bank accounts and nearly 100 shell companies before being converted into USDT cryptocurrency and transferred overseas.
Police said the network employed sophisticated techniques, including scripted interactions, automated systems, and malware to extract sensitive banking details such as OTPs.
During the crackdown, authorities seized 48 mobile phones, 258 SIM cards, four laptops, multiple ATM cards and cheque books, along with banking and KYC documents. Approximately ₹19 lakh has been frozen across various accounts.
Investigators believe the syndicate had been operational for the past four to five years. Further investigations are underway to identify additional accused and trace the full extent of the financial network.
TNT KS
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