In a major crackdown, the Delhi Police has dismantled a large-scale international cyber fraud syndicate linked to scams worth over ₹300 crore and more than 2,500 complaints nationwide. Officials confirmed the arrest of the mastermind, Karan Kajaria, along with 10 other accused involved in the operation.
It emerged that this syndicate operated across various states in India with close links to foreign-based hackers’ networks in countries like Cambodia. He was arrested in Kolkata airport on April 3 after the issuance of the Lookout Circular.
As per the police report, the syndicate employed sophisticated ways to defraud their victims by tricking them into using fake investment portals and scamming groups that promised massive returns to the users. The victims were convinced to download scam trading apps where their personal information such as bank accounts and OTPs were collected.
Over 260 bank accounts from over 100 dummy firms that the scam operators used to siphon off the proceeds were recovered. The gang made extensive use of mule bank accounts and encrypted messaging platforms. To make matters worse, the money stolen was channeled through crypto platforms to cover up the tracks. As part of the raid, the cops recovered 48 cell phones, 258 SIM cards, laptops, ATM cards, and important papers related to finance. So far, 19 lakh rupees have been seized.
It was reported that the gang had been active for about four to five years. Investigation is continuing to uncover other members involved.
The story began when a Delhi citizen filed a complaint alleging that he had been scammed out of his money worth ₹31.45 lakh. Initially, an FIR was registered against them in a local cyber police station and later shifted to the crime branch.
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