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Scam Alert! Delhi Police Busts INR 3.9 Crore Cyber Fraud Racket

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Abstract：The Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police has cracked down on a cyber fraud network following an INR 3.9-crore loss faced by a businessman through as many as 149 unauthorised transactions. According to the news report, the racket allegedly laundered the user's funds through many channels: mule accounts, cash withdrawals and hawala before converting it into USDT cryptocurrency using a foreign exchange application. So far, seven people have been nabbed by the IFSO.

The Intelligence Fusion and Strategic Operations (IFSO) unit of the Delhi Police has cracked down on a cyber fraud network following an INR 3.9-crore loss faced by a businessman through as many as 149 unauthorised transactions. According to the news report, the racket allegedly laundered the user's funds through many channels: mule accounts, cash withdrawals and hawala before converting it into USDT cryptocurrency using a foreign exchange application. So far, seven people have been nabbed by the IFSO.

Contents

The Affected Businessman Filed a Report with the Delhi Police

1.1

Seven-Day Investigation Led to Arrests

The Affected Businessman Filed a Report with the Delhi Police

Prince Bansal (28), a businessman who deals in transactions concerning the non-banking financial company (NBFC) and loans, reported to the police about the deduction of INR 3.9 crore from his bank account without his knowledge on October 5, 2026. Since then, the National Cybercrime Reporting Portal has placed a lien on INR 1.7 crore of the lost funds.

Seven-Day Investigation Led to Arrests

According to the DCP (IFSO) Guarav Tyagi, the 7-day investigation across Rajathan helped the police arrest a cyber fraud suspect, Brij Lal (29), in Phalodi. In addition to this case, Lal was also involved in a separate cyber fraud case involving INR 95 lakh. Investigators found that the fraudsters mobilised funds using multiple bank accounts before withdrawing cash. According to the report, some accused allegedly arranged accounts in their names and used accounts of others to defraud the businessman.

Police nabbed co-accused Piyush Talaniya, who allegedly transferred INR 9.5 lakh to Lal, and Vipin Chanwariya, who allegedly withdrew INR 7 lakh according to Lal's instructions on October 12, 2026. Upon interrogation, Lal confessed to having a wallet ID on the money-exchange application and used cash to purchase USDT through a hawala operator.

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