Delhi Police Dismantles Major Cyber Fraud Network
Severity: Medium (Score: 48.9)
Sources: Dailypioneer
Summary
Delhi Police has dismantled a cyber fraud facilitation network involving mule bank accounts and shell companies, arresting two individuals, Sonu Kumar and Aminder Singh, who acted as dummy directors. The operation revealed a fund flow exceeding Rs 16 crore within just eight days, linked to 336 cyber fraud complaints across multiple states. The investigation was initiated after suspicious mule accounts were flagged on the National Cyber Crime Reporting Portal. A bank account connected to a private limited firm in Bawana was found to be at the center of the laundering activities, which involved over 35 suspected shell companies. Vulnerable individuals were lured into becoming dummy directors while the actual control of the accounts remained with remote handlers. The police's detailed financial analysis indicated large-scale money laundering operations. The case highlights the ongoing issue of cyber fraud in India and the complexities involved in tracing such networks. Key Points: • Delhi Police arrested two dummy directors in a major cyber fraud bust. • Over Rs 16 crore was laundered through a single bank account in eight days. • The network involved more than 35 suspected shell companies and 336 fraud complaints.