New Delhi: In a significant breakthrough against cyber-enabled financial crimes, Delhi Police has arrested two individuals for allegedly operating mule bank accounts used in a large-scale online investment fraud network. Officials also recovered mobile phones and key digital evidence during the operation. According to a statement issued by the police, the Cyber Police Station of Shahdara district has dismantled a fraud racket linked to online investment scams involving transactions worth approximately ₹1.56 crore. The arrested individuals were reportedly assisting cybercriminals by providing and managing bank accounts used to channel illegal funds.

The case originated from an e-FIR registered on April 9 under relevant sections of the Bharatiya Nyaya Sanhita (BNS), including Sections 318(4), 319, and 340, based on a complaint filed by a woman residing in GTB Enclave, Delhi. The victim stated that she was defrauded of nearly ₹21 lakh through an online investment scam. She said that in April 2026, she came across an investment advertisement on Telegram promising high returns from stock market trading. After clicking the link, she was added to a Telegram group where individuals posing as financial advisors convinced her to invest money.

Believing their assurances of safe and profitable returns, she invested a substantial amount over time. However, when she attempted to withdraw her earnings, neither the promised profits nor her original investment was returned. She was eventually removed and blocked from the Telegram groups, confirming the fraud.

Following the complaint, police initiated a detailed investigation and formed a dedicated team to probe the matter, given the scale of financial loss involved. Acting on technical surveillance and intelligence inputs, raids were conducted in Uttar Pradesh’s Amroha and Moradabad districts. During the operation, two accused—identified as Mohd. Sadik and Javed Ansari—were arrested. Police said that both individuals admitted during interrogation that they were knowingly involved in operating bank accounts used by cyber fraud networks. These accounts were used to receive and transfer proceeds of crime across multiple layers.

Investigators revealed that the accused were in regular contact with their associates via WhatsApp, and the mule accounts played a key role in routing money obtained through online investment frauds. The layering of transactions made it difficult for authorities to trace the original source of funds. Officials further stated that the cybercrime syndicate was operating across multiple states, indicating a wider and more organised network Police added that efforts are continuing to identify other members of the gang and trace the complete financial trail. The investigation remains ongoing.