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Multi-state cyber syndicate with Chinese links busted; key accused held in Delhi: Police
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....ulti-state cyber syndicate with Chinese links busted; key accused held in Delhi: Police<BR>PTI News<BR>Dated:- 7-12-2025<BR>PTI<BR>New Delhi, Dec 7 (PTI) The Delhi Police has busted a multi-state cyber syndicate with suspected Chinese links that allegedly cheated a senior citizen of over Rs 33 lakh through an online investment scam, an official said on Sunday. Police said a 61-year-old man has fi....
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....led a complaint stating that he had been duped in a fraudulent digital investment scheme. "Technical analysis revealed that the money had been routed through multiple layers of beneficiary accounts, eventually landing in the bank accounts of a fake private limited company," a police officer said. The officer further said two people linked to the fictitious firm were identified as Shivam Singh fr....
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....om Uttar Pradesh's Faizabad and Lakshay, a resident of Delhi. "Lakshay was arrested on November 19. During interrogation, he admitted to opening a firm account on the instructions of co-accused Shubham and others. He told police he created bank accounts, procured SIM cards, and handed over bank kits for a monthly payment of Rs 20,000," the officer said. Police said a team carried out extensive r....
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....aids in Delhi-NCR over several weeks to trace Shubham, who kept switching SIM cards to avoid detection. He was finally arrested in Tilak Nagar on Saturday. "The team recovered a laptop, two mobile phones, five chequebooks, and six debit cards from his possession. During questioning, Shubham disclosed the syndicate's deeper financial network, which included multiple shell companies," the officer s....
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....aid. "He further claimed that he received USDT and sold it to a Chinese handler, creating a repeated laundering cycle," the officer added. USDT is a type of cryptocurrency, which is supposed to maintain a stable value pegged 1:1 to the US dollar. Police said Shubham destroyed cheque books and broke the SIM card registered in the company's name after learning about Lakshay's arrest. Further inv....
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....estigation is underway. PTI BM PRK PRK<BR> News - Press release - PIB....