Overview
- Delhi Police Crime Branch arrested five operatives, including a bank relationship manager, in a syndicate alleged to be run by a Dubai-based handler named Tom that used fake firms, opened dozens of current accounts, and converted proceeds into USDT.
- Investigators linked the Delhi racket to at least 52 complaints across 12 states and cited losses approaching ₹500 crore, recovering devices and records that include cryptocurrency wallet data.
- Kerala’s Operation Cy-Hunt registered 439 FIRs and arrested 284 suspects in its initial phase, with police identifying 2,683 more for probe as raids exposed widespread use of student and youth mule accounts for laundering.
- Delhi Police separately dismantled an interstate hotel-booking fraud that used more than 100 fake websites and paid search ads to dupe customers, arresting four suspects and tying the scheme to 132 complaints nationwide.
- Cyber units reported additional actions including a Mohali gaming-app scam bust linked to servers in Dubai with losses near ₹3 crore, two arrests in Uttar Pradesh tied to about ₹60 lakh in frauds, and Hyderabad advisories on rising “digital arrest” cons and an insurance mule supplier’s arrest.