New Delhi, Dec 19 || The Inter-State Cell (ISC) of the Crime Branch, Delhi Police, has busted a large inter-state cyber fraud network involved in online investment scams, arresting four accused in two separate cases and unearthing a money trail of around Rs 24 crore, officials said on Friday.
The racket operated through fake WhatsApp groups and fraudulent trading applications, police said on Friday.
The arrests were made by teams led by Inspectors Shivraj Bisht and Satendra Khari under the supervision of ACP Ramesh Lamba.
The accused targeted unsuspecting victims by promising high returns on investments through bogus mobile applications.
In the first case, a complainant was cheated of Rs 31.45 lakh after being added to a WhatsApp group and persuaded to install a fake trading application named “Cventura”.
The victim transferred money into six different bank accounts before the group disappeared, and the app stopped functioning.
An FIR was registered at Cyber NED and later transferred to the Crime Branch for investigation.