Overview

• Five suspects — including alleged mastermind Mangu Singh — were arrested across four states after a Delhi investor’s complaint led to a probe of fake stock and IPO schemes.
• Investigators linked at least 15 NCRP complaints to the syndicate and tracked roughly Rs 4.25 crore routed through mule accounts before conversion to USDT and transfer overseas.
• Hyderabad cyber units registered fresh cases, including a Rs 6.32 lakh loss via the ‘NFM Capital Markets’ platform and a separate Rs 43 lakh share-trading fraud that used fabricated profit dashboards and QIP claims.
• Delhi Police arrested 26-year-old Mohammad Naseem from Nuh for an alleged sextortion racket that extracted Rs 39,000 from a victim and is linked to multiple NCRP complaints.
• Parallel crackdowns included five arrests in Noida over a ‘digital arrest’ extortion of about Rs 20 lakh and two arrests in Gujarat tied to a fake trading app called Blinkxmax that cost a Delhi man Rs 11.2 lakh.