₹7.36 Crore Cyber Fraud Busted in Delhi; Six Arrested, Including Bank Manager

New Delhi: The North-West District Police have busted an alleged cyber fraud network involving transactions worth ₹7.36 crore and arrested six people, including a bank manager. Investigators uncovered 37 suspicious mule bank accounts operated through the Saraswati Vihar and Tri Nagar branches of Catholic Syrian Bank. According to police, these accounts were linked to 99 cybercrime complaints registered across the country.

The investigation has brought suspected misuse of identity documents and alleged irregularities in bank account opening procedures under scrutiny. Police are also examining allegations of collusion involving bank officials and the transfer of fraud proceeds through cryptocurrency channels.

Fake Documents Allegedly Used to Open Bank Accounts

Addressing a press conference at Delhi Police Headquarters, Joint Commissioner of Police Vijay Singh said the investigation began with the scrutiny of suspicious bank accounts. An FIR, numbered 28/26, was registered on June 17, following which investigators examined mobile numbers, email accounts and digital communications to identify those allegedly involved.

The investigation led to the arrest of Mayank Kapoor, also known as Rinku. Police allege that he lured people with promises of securing loans and collected their identity documents and photographs. These documents were then allegedly used to open bank accounts fraudulently in their names.

Investigators suspect that the accounts were subsequently used to route money obtained through cyber fraud, with transactions spread across multiple locations.

How Were Bank Officials Allegedly Linked to the Fraud?

According to police, the investigation revealed the suspected involvement of Shobhit Agarwal, manager of the Saraswati Vihar branch, and Sushant Kumar, manager of the Tri Nagar branch.

Investigators allege that certain accounts were opened in the absence of the actual account holders and using purportedly forged signatures. Police further suspect that a portion of the money generated through cyber fraud was paid to a bank official, while the remaining proceeds were allegedly transferred through Trust Wallet and converted into USDT cryptocurrency.

The precise roles of the individuals involved and the complete movement of the funds remain under investigation.

Large Cache of Identity Documents and Electronic Devices Seized

During the operation, police recovered several items from Mayank Kapoor, including seven mobile phones, one laptop, 11 SIM cards, seven cheque books and seven debit cards.

The seized material also included 63 Aadhaar cards, 60 PAN cards, 55 photographs, approximately 150 grams of gold jewellery and ₹60,000 in cash. Investigators are examining the documents and electronic devices for further evidence related to the suspected fraudulent accounts and financial transactions.

Apart from Kapoor and Agarwal, four other accused—Ankur Kumar, Manoj, Pankaj Pandey and Fatima—were also arrested. Police said the investigation was continuing, including inquiries into the alleged role of Sushant Kumar and other possible links in the network.

Cybercrime Team Leads the Investigation

The operation was conducted by a team from the North-West District Cyber Police Station under the leadership of Station House Officer Inspector Dinesh Dahiya. The team included Sub-Inspector Naveen, Head Constables Gaurav, Deepak and Sachin, and Constable Anuj.

The operation was carried out under the supervision of Assistant Commissioner of Police Srishti Bhatt and the overall supervision of Deputy Commissioner of Police Akanksha Yadav, IPS.

Police are continuing to investigate the suspected network, trace the movement of the alleged fraud proceeds and establish whether additional accounts or individuals were involved.