The Dwarka District Police Special Staff has busted a major multi-state cyber fraud syndicate and arrested six accused. According to police, this network has been linked to 89 cyber fraud cases filed in various states across the country, involving a total of approximately ₹83.23 crore (approximately $83.23 crore). During the operation, police recovered 109 checkbooks, 12 mobile phones, and numerous documents related to bank accounts and fake companies.
Open link from suspicious account
According to the police, the case was registered under FIR number 101/26 under sections 318(2)/61(2)/3(5) of the Indian Penal Code (IPC) at Dwarka North police station. Analysis of complaints available on the cybercrime reporting portal revealed a suspicious account at Yes Bank in Dwarka Sector 23A. Investigation revealed that this account was receiving proceeds from cyber frauds committed in several states, including Telangana, Tamil Nadu, and Maharashtra.
Mule accounts were opened in the name of jobs.
The investigation revealed that the accused opened bank accounts and firms under different names. The defrauded funds were then transferred through various accounts and later withdrawn in cash. According to the police, some of the mule bank accounts were opened by deceiving innocent people with the promise of job offers or salary accounts.
The investigation revealed the use of accounts and firms opened in several banks, including Yes Bank, Federal Bank, and SBI. Police claim that Chetan Sehrawat was the main handler of this syndicate, and the other accused acted under his instructions.
More than Rs 1.14 crore held
A detailed analysis of bank accounts revealed several accounts with the same sender and beneficiary. This raised suspicions that the funds were being transferred between various accounts through an organized network. Police took timely legal action and secured a hold of ₹1,14,84,394.
The investigation revealed Chetan Sehrawat’s financial transactions with Gaurav Kadian, as well as a transaction of approximately ₹94,000 with Mahi Innovative Solutions Pvt. Ltd. The company provided police with information regarding cash deposited into an SBI account by Sisupal Enterprises and Plentiva Overseas Pvt. Ltd. and subsequent beneficiaries.
USDT and Binance Connection
During interrogation, Chetan Sehrawat reportedly admitted to being involved in transactions involving USDT and Binance. However, according to the police, he did not provide his mobile phone during the investigation. Police are now attempting to trace the entire network of fraudulent funds laundered through digital and cryptocurrency transactions.
Attempt to flee abroad, arrested from LOC
According to the police, after the FIR was filed, the main accused, Chetan Sehrawat, fled to Thailand and from there to Dubai. A Look Out Circular (LOC) was issued against him. He was subsequently arrested at IGI Airport. Meanwhile, accused Tarun was also attempting to flee to Dubai, but was apprehended at Mumbai International Airport after the LOC was issued.
109 cheque books recovered
During raids at the accused’s premises, Delhi Police recovered 12 mobile phones and 109 checkbooks. They also recovered documents related to bank accounts, firm registrations, PAN and other identity documents, cash deposit slips, and other incriminating material.
During the investigation, documents belonging to The Olim Enterprises Private Limited were also found. According to police, this company was registered at the same address, and Shakti Gurjar and Dharmendra Kumar were its authorized signatories.
These six accused were arrested
Police have arrested six accused in this case. Chetan Sehrawat has been identified as the main handler. The other arrested accused have been identified as Shakti Gurjar, Dharmendra Kumar, Tarun, Deepak, and Gaurav Kadian.
Police say the investigation is ongoing. Efforts are underway to trace the full flow of the defrauded funds by examining the accused’s mobile phones and digital and cryptocurrency transactions. Police have expressed the possibility of further arrests and recoveries.
