Delhi Police Cyber Team has busted an inter-state investment fraud syndicate, arresting eight notorious cyber fraudsters.
According to the Additional Deputy Commissioner of Police (DCP), Abhimanyu Poswal, the gang’s modus operandi involved luring people into fake investment schemes by contacting them via WhatsApp calls.
He added that the main handlers were operating from Cambodia. Mr Poswal said that they have recovered 10 mobile phones, 13 SIM cards, and multiple bank accounts from the accused.
The case came to light on Nov 7 last year, when a 42-year-old woman from Vasant Kunj said in a complaint that she was cheated of Rs 15.58 lakh on the pretext of a stock market investment. Police said the woman was supposedly offered “expert guidance” and assured high returns by the cheats.