The record
Written from the 1 report below. Nothing here is unsourced.
- Delhi Police have arrested five people for a cyber fraud in which Rs 12.8 crore was siphoned off from a non-banking financial company through 317 unauthorised transactions.
- The stolen money was moved through 34 bank accounts, and part of it was converted into the cryptocurrency USDT and sent abroad.
- One of those arrested is a bank employee in Jaipur who allegedly helped open accounts used in the fraud, while key accused Satyam and a possible Dubai link remain under investigation.
- Police have managed to freeze around Rs 1.7 crore in the fraudulent accounts and seized cheque books, five mobile phones and rubber stamps.
- The case shows how fraud syndicates using Telegram groups linked to Chinese operators exploit bank accounts and crypto to launder large sums, and police are still hunting other members in India and Dubai.
What to watch next
- Identification of other syndicate members based in India and Dubai.
- The role of absconding accused Satyam and contact Devender Singh Chauhan of Udaipur.
- Recovery of more of the Rs 12.8 crore, given only Rs 1.7 crore has been held so far.
Coverage1
1 report
English national1
All filed from India
Named India · United Arab Emirates · Abhay Kumar Solanki · Harman · Lovely · Naman Kumar · Vikas Sharma · Delhi Police · Devender Singh Chauhan · Gaurav Tyagi · Intelligence Fusion and Strategic Operations · National Cybercrime Reporting Portal · Sanjay Bhatia · Satyam
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.