Delhi Police Busts Chinese-Linked Cybercrime Syndicate in Rs 64 Lakh Stock Market Fraud

In a major breakthrough, the Delhi Police’s Intelligence Fusion and Strategic Operations (IFSO) unit has busted an interstate cybercrime syndicate involved in a high-stakes stock market scam. Two men have been arrested in connection with the case, one of whom is suspected to have links with Chinese cybercrime networks.

The case came to light after Ashok Kumar, a victim from Delhi, lodged a complaint stating that he had been duped of Rs 64.75 lakh in a fraudulent online trading scheme. According to police, Kumar was manipulated into transferring large sums of money into five different bank accounts under the pretense of purchasing stocks with promises of high returns.

Deputy Commissioner of Police (IFSO) Hemant Tiwari stated that an intensive investigation was launched, involving financial analysis and technical surveillance. The probe revealed that the siphoned funds had been routed through a web of mule accounts before being withdrawn in small amounts to evade detection.

The two arrested accused have been identified as Vaddoriya Kewin Mukeshbhai (25) from Surat, Gujarat, and Abdul Barik (32) from Roorkee, Uttarakhand. Vaddoriya, a BBA student, was found to be active in several Chinese cybercrime groups operating through social media platforms. He allegedly procured and sold bank accounts for commission, which were later used to launder scam proceeds. He was previously arrested in Maharashtra in connection with a digital arrest fraud case.

Abdul Barik, who has limited formal education, had a prior cybercrime case registered against him in Shahdara, Delhi. He played a key role in supplying mule accounts and identity documents to the international fraud network.

During the raid, police recovered six mobile phones loaded with Chinese applications and digital wallets. Investigators also discovered that the accused were receiving illicit commissions in USDT cryptocurrency via a global crypto exchange platform.

"The arrested individuals were crucial in enabling foreign fraudsters to exploit Indian victims by providing digital infrastructure and laundering channels," said DCP Tiwari.

Authorities believe the syndicate is part of a larger international racket with deep-rooted links to Chinese cyber operatives. Further investigation is ongoing to trace other members and uncover the full extent of the network.