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Delhi Crime News: Delhi Police has busted a major cyber racket and arrested four accused, including two bank employees. This racket was luring people through a fake trading app and duping them of lakhs of rupees. Interestingly, the complicity of bank employees has also come to light in this entire fraud game, who were helping in opening fake accounts easily.
The entire conspiracy started with an advertisement on Facebook, which promised “multi-bagger returns” to investors. When a resident of Patel Nagar, Delhi clicked on this advertisement, he was added to a WhatsApp group and was asked to download an application ‘QuantsAIS’.
Invested 16.70 lakh more in the hope of profit
Initially, this app showed small profits, which increased his confidence further. He was assured that he could earn big money soon. Soon he started with 10,000 and then invested another 16.70 lakh hoping for lucrative returns. But when he tried to withdraw his money, he was kicked out of the WhatsApp group and he realised that he had been duped.
Strict police action, four arrested
After receiving the complaint, Cyber Police Station, Central District started the investigation. The police team immediately started doing technical analysis and found out that the defrauded amount was transferred to a fake bank account opened in the name of a company called ‘Dharam Enterprises’. This account was in IDFC Bank and the person operating it was Aman Kumar, a resident of Hapur, UP. He was arrested from Hapur on 9 April 2025. After his arrest, the police came to know more shocking secrets.
Method of opening accounts by creating shell companies with fake documents
During interrogation, the name of Rahul Tyagi came to light, who helped in opening the account. He used to create shell companies with the help of fake documents and open current bank accounts in their names. The investigation also revealed that these accounts were created to sell them to cyber thugs so that they can grab the fraud money cleanly.
Second shocking arrest
In the next arrest, the police arrested two bank employees Ankit Nagar and Abhishek Singh. Both these bank employees were helping the accused to open accounts on the basis of fake documents. With their connivance, this racket spread rapidly.
Flaws in the banking system, easy way to fraud
The disclosure of this entire racket also highlights the weaknesses of the banking system. Opening accounts in the name of shell companies and accepting fake documents without checking them proves that there are serious flaws in the banking system, which need to be rectified.
Investigation continues, more may be arrested
The cyber police has intensified the investigation to catch more members of the racket. Police suspect that more members of this gang are active and were helping in opening many fake bank accounts. More big revelations can be made by delving deeper into this matter.
