In a major breakthrough against financial fraud, the Cyber Cell of the Delhi Police Crime Branch has dismantled a multi-state cyber syndicate allegedly operating through shell companies and cryptocurrency channels with suspected Chinese links.

The crackdown began after a 61-year-old senior citizen lodged an online complaint stating he had been duped of Rs 33.10 lakh in an investment scam.

During the probe following registration of FIR, investigators discovered that the cheated funds were routed through multiple beneficiary accounts of a fictitious company, BELCREST India Pvt Ltd, created solely for laundering stolen money. Technical analysis of transactions revealed that Rs 10.38 lakh from the victim’s money had passed through BELCREST-linked accounts.

The Crime Branch arrested Lakshay,

See Full Page