Arrest of Mastermind Accused Leads to Exposure of Major Online Investment Fraud Racket

Accused Arrested 

 Krishan Kumar @ Monu r/o Paharganj, Delhi, age – 42 years 

1. Deepu r/o Gopalpur, Delhi – 09, age – 32 years 

2. Mohd. Irfan Sheikh GTB Enclave, Delhi, age – 31 years 

Brief Facts of the Case 

 The complainant (aged 47 years), a resident of Mahendru Enclave, Delhi, owner of a stationery shop, was defrauded of ?39,50,000/- on the pretext of earning high returns by investing in cryptocurrency through a fraudulent platform. 

• During investigation, one primary mule account of IDFC Bank, Karol Bagh in the name of a firm RS Management Services was identified. The said account had ?10,00,000/- credited on 17.02.25 from the cheated amount and was linked with at least 9 NCRP complaints. 

• The account holder, Krishan Kumar, was absconding, frequently changing residences and mobile numbers to evade police. 

Team & Operation 

 A dedicated team of Cyber Cell, Crime Branch, comprising SI Jagseer Singh, HC Mohit, and HC Gaurav, under the guidance of Insp. Subhash Kumar and ACP/Cyber Sh. Anil Sharma, was formed. 

 On 20.08.25, Krishan Kumar was apprehended. 

• On his instance, Deepu was nabbed on 21.08.25. It was revealed that the mule account was opened on Deepu’s directions. Both were arrested. 

Modus Operandi 

 

• Deepu works with associates namely Arvind, Irfan and others. • He arranges mule corporate bank accounts by convincing account holders that funds will come from gaming. 

• Irfan monitors account holders. 

• Arvind maintains links with cyber fraudsters who route cheated money through mule accounts. Arvind was found to be already in judicial custody in a case of PS Cyber West. 

• With persistent efforts, Irfan was apprehended from Paharganj.  He was previously arrested in another cyber fraud case of Crime Branch.  

 

The investigation is underway to trace the remaining co-accused.