Unmasking a Layered Fraud Syndicate: Delhi-NCR Police Crack Down
A financial fraud syndicate in Delhi-NCR was uncovered with the arrest of three people for laundering funds via fraudulent POS transactions. The operation involved layered structures using fake accounts and bogus transactions. Police continue to search for absconding associates and trace the money trail.
- Country:
- India
Authorities in the Delhi-NCR region have dismantled a sophisticated financial fraud syndicate, arresting three individuals in connection with laundering money through fake Point of Sale (POS) transactions, as confirmed by the police on Wednesday.
The arrested suspects include Md Izhan from Jamia Nagar, along with Manoj Kumar and Noor Hasan, both employed at a Sarita Vihar fuel station. The syndicate was exposed following a probe into a cyber fraud case initially registered in South Delhi.
The investigation revealed a complex scheme involving multiple layers of deception. It was discovered that fraudulently obtained funds were laundered through fake POS transactions. The police are continuing their investigation to capture remaining suspects and follow the financial trail.
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