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Police Tie DelhiMoney Heist’ Ring to ₹250-Crore Scam as Multi-State Raids Expose Wider Network

Investigators say the syndicate funneled money through mule accounts into cryptocurrency and hawala controlled by overseas handlers.

Overview

  • Delhi Police arrested Arpit Mishra (“Professor”), Prabhat Vajpayee (“Amanda”) and Mohammad Abbas Khan (“Denver/Abbas”) after a Delhi government employee reported losing about ₹22 lakh, recovering 14 phones, 20 SIMs and 32 debit cards.
  • Officers allege the trio helped dupe hundreds via bogus “Direct Market Account” trading portals and WhatsApp stock-tip groups, then froze balances and pressed victims for additional payments.
  • Navi Mumbai Crime Branch detained 12 suspects tied to an ₹84 crore scheme that used the banned Reddy Anna gaming app and 886 bank accounts, with devices and bank kits seized in raids in Dombivli and Pune.
  • In Lucknow, a deputy branch manager of IndusInd Bank and two associates were arrested for opening shell-firm accounts to channel cyber-fraud proceeds, with transactions traced at roughly ₹20 crore and links across multiple states.
  • Police say two Delhi-case accomplices known as “Berlin” and “Tokyo” remain at large as teams trace funds and seek international cooperation to identify overseas masterminds in China and Cambodia.