Overview

• Authorities have arrested more than a dozen suspects across Delhi and Maharashtra in cyber fraud cases involving over ₹8.24 crore in losses.
• Key scams include fake stock market investments, fraudulent gaming platforms, and cryptocurrency transactions, targeting retirees, professionals, and students.
• A Navi Mumbai businessman lost ₹2.74 crore in an online gaming scam, with funds siphoned through multiple accounts linked to an international network.
• Mule account facilitators played a significant role, opening fake business accounts and earning commissions for laundering stolen money.
• Investigations are ongoing to trace the masterminds, uncover international connections, and identify more associates involved in these schemes.