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Delhi Police has arrested an planetary concern fraud syndicate member, who was operating from Dubai and played a cardinal relation successful arranging mule slope accounts for the gang, an authoritative said connected Saturday (February 14, 2026).
The accused, identified arsenic Rhonak Jagdish Bhai Thakkar, was apprehended from Mopa airdrome successful Goa connected February 5, helium said.
Thakkar was wanted successful transportation with a lawsuit registered astatine the Crime Branch constabulary presumption successful 2024.
According to police, the lawsuit came to airy aft a nonmigratory of Rajasthan's Hanumangarh lodged a ailment alleging that helium was cheated of ₹61.72 lakh by fraudsters posing arsenic representatives of M/s Globe Capital Market Limited.
The unfortunate was allegedly added to a radical and persuaded to put successful the banal marketplace done a fake mobile application. When helium could not retreat the invested magnitude and realised the exertion was fake, helium approached the police.
During investigation, constabulary traced the magnitude to slope accounts linked to ammunition entities, including Mahadev Enterprises successful Gujarat's Junagarh and New Sadiqueen successful Kashmir's Srinagar.
The funds were aboriginal transferred to aggregate mule accounts crossed states, including accounts linked to entities successful Mumbai and Surat, Deputy Commissioner of Police (Crime) Aditya Gautam said.
The probe revealed a well-organised interstate web involving ammunition companies, forged MSME documents, fake rubber stamps, and fraudulently procured SIM cards utilized to impersonate morganatic fiscal institutions.
Police person truthful acold arrested 17 radical successful transportation with the lawsuit and recovered 81 SIM cards, 24 mobile phones, forged stamps, MSME documents, cheque books, CPUs and different integer evidence.
The probe revealed misuse of SIM cards issued from Ahmedabad done a azygous POS vendor. Following this lead, constabulary conducted simultaneous raids successful Mumbai, Surat and Ahmedabad, starring to aggregate arrests.
Investigators said the syndicate allegedly targeted victims done societal media platforms and messaging apps by promising precocious returns and VIP banal tips.
Victims were added to fake groups resembling that of reputed fiscal institutions, wherever fabricated occurrence stories were shared to physique trust.
They were past made to instal fake trading applications, aft which the wealth was routed done ammunition companies and mule accounts and allegedly diverted via cryptocurrency oregon hawala channels, indicating planetary cybercrime links.
According to police, Thakkar was allegedly operating from Dubai and arranging mule slope accounts successful India connected committee for the syndicate's kingpin, Krish Hasmukh Bhai Shah, who has been declared a proclaimed offender successful the case.
Further probe is underway to hint further associates, wealth trails and planetary linkages, constabulary added.
