New Delhi: Delhi Police have arrested seven people in connection with an alleged cyber fraud involving ₹3.93 crore, uncovering a suspected network that used mule bank accounts, cash transfers and potentially cryptocurrency to move the proceeds. The Intelligence and Strategic Operations Unit of the Special Cell recovered 45 cheque books, 25 bank passbooks, 45 ATM cards and 13 mobile phones from the accused.
According to DCP Gaurav Tyagi, complainant Prince Bansal’s ICICI Bank account was subjected to 149 unauthorised transactions at around 11 am on October 5, 2026. A total of ₹3,93,59,000 was withdrawn from the account. Authorities subsequently recorded a hold on ₹1.78 crore through the national cybercrime reporting portal.
Investigation Leads Police to Rajasthan
A team comprising Sub-Inspector Gautam Sagar and Head Constables Sandeep and Jitendra conducted a seven-day operation across Bikaner, Jodhpur and other locations in Rajasthan.
Investigators allegedly traced a chain of withdrawals and cash transfers carried out through multiple bank accounts. The probe is continuing to establish how the funds moved between accounts and identify other people potentially involved in the operation.
Seven Accused Arrested; Cryptocurrency Links Under Probe
Police identified the arrested individuals as Piyush Talania, Brijlal, Vipin Chanwariya, Sunil, Vikram, Rakesh Bahadu and Hemant Singh.
According to investigators, the alleged network’s suspected key operative, Brijlal, may have links to a foreign-exchange application called “U Home” and a hawala network. Police are also examining whether the fraud proceeds were converted into USDT, a digital currency linked to the US dollar.
Brijlal was also wanted in connection with another alleged cyber fraud case involving ₹95 lakh, police said.
Senior Officers Supervised the Operation
The operation was conducted under the supervision of ACP Vivekanand Jha and the leadership of DCP Gaurav Tyagi. Police are examining the recovered documents and electronic devices to establish further links and determine whether additional suspects were involved.
Authorities have advised people to contact their bank and report suspicious transactions immediately. Victims of cyber financial fraud can also call the national cybercrime helpline at 1930.
