Cyber fraud racket busted, three held for Rs 4.3 lakh scam

New Delhi: Delhi Police has busted an interstate cyber fraud syndicate and arrested three people for allegedly siphoning funds through unauthorised banking transactions.

The fraud came to light after a complaint was received from a 50-year-old resident of Prem Nagar in Karol Bagh about such transactions through his account. The man told cops that he had received sudden SMS alerts indicating that substantial amounts of money had been debited. While his son managed to get the account blocked, around Rs 4.3 lakh had already been siphoned off, police said.

“An investigation of the financial trail led the team to discover that the syndicate was working in layers,” said DCP (Central) Rohit Rajbir Singh.

Police found that in the first layer, the account provider would be lured into opening an account, after which a local facilitator would collect the credentials and hand them over to the interstate handler.

Based on trail mapping and digital profiling of the beneficiary accounts, the cops were led to Sonu, a 21-year-old mule account holder from Uttam Nagar. The local facilitator was identified as Yash Kumar (27) from Uttam Nagar. Both were arrested on May 27.

The duo led the cops to their regional handler, Baljinder Singh (48), who was subsequently arrested last week on Wednesday. Police also managed to freeze and secure Rs 4 lakh of the stolen money.

A total of 28 debit cards associated with multiple suspected mule accounts, 12 SIM cards used for managing internet banking and UPI configurations, and four mobile phones containing incriminating transaction logs and coordinator chats were seized.