Overview

• Police arrested the five suspects at a rented Karol Bagh accommodation on July 3 after a complaint over the Rs 57 lakh fraud was filed on June 30.
• All five suspects have admitted their roles in the scheme during interrogation.
• Officers recovered the entire Rs 57 lakh in cash and seized an SUV plus two scooters used in the offence.
• The gang lured victims with promises of converting cash into Tether at attractive rates through front offices before disappearing without transferring any cryptocurrency.
• Investigators are still seeking Shivam, the alleged ringleader who remains at large.