New Delhi: Delhi Police have busted an international cyber fraud syndicate and arrested six people, including five bankers, in connection with cyber fraud cases, news agency ANI reported on Friday, October 23.
Source: ANI via LatestLY
According to police, the accused allegedly siphoned off money through cryptocurrency and were in contact with a Chinese national, receiving cash in exchange for facilitating the transactions. Police said the syndicate had allegedly been active since 2013 — a span of more than a decade.
Investigations have also revealed the alleged involvement of two regional banks in Kerala in the network, ANI reported, though the banks have not been named in the available details. The precise roles of the arrested individuals have not been disclosed.
Source: Indian Economic Observer (ANI)
Police said the accused operated a sophisticated module in which mobile phones used in the alleged crimes were kept at least five kilometres away from their own location, in an apparent attempt to prevent police from tracking them. Further investigation into the case is under way, police said. The allegations have not been tested in court.
6 arrested, including 5 bankers; money allegedly moved via cryptocurrency; alleged link to a Chinese national; syndicate allegedly active since 2013; two Kerala regional banks allegedly linked. All charges are allegations.