Delhi Police Arrest 7 Fraudsters for Swindling Investors of Rs 6 Crores

Delhi Police apprehended seven individuals belonging to a fraudster gang for deceiving unsuspecting victims under the guise of assisting them in obtaining the maturity amount from insurance policies. The arrests were made on Tuesday after the group defrauded around Rs 6 crores from 10 victims.

Law enforcement confiscated 20 mobile phones, 4 laptops, and 1 pendrive from the suspects. They also seized documents containing data and details of the victims. Police are currently scrutinizing the accounts of the accused to locate and apprehend any remaining accomplices. The case was filed based on a complaint from Hari Datt Sharma, a resident of Green Park Main, New Delhi.

Sharma, in his complaint, disclosed that he fell victim to financial fraud amounting to approximately Rs 3.5 crore, starting from April 2018. The fraud was perpetrated by multiple individuals impersonating officials from various government agencies such as NPCI, RBI, SBI, among others.

The individuals in question purported themselves as agents with affiliations to the IRDA (Insurance Regulatory and Development Authority). They fabricated letters in the name of NPCI (National Payments Corporation of India), displaying counterfeit identity cards and even Aadhar cards to reinforce their credibility, according to the complainant. Subsequent to his complaint, an FIR was lodged on January 3, 2024, at the Police Station Special Cell, Delhi, initiating an investigation.

Following this, a team was formed under the supervision of ACP Jai Parkash to locate and arrest the perpetrators. During the investigation, the mastermind Nishant Kumar, who was using the alias Rajender Prasad and had last communicated with the complainant, was tracked down by the technical surveillance team, tracing his digital trail.

A raid ensued, resulting in his arrest. Subsequently, based on his guidance and aided by technical intelligence, six additional co-accused individuals were apprehended. Nishant Kumar, the principal orchestrator of the criminal scheme, had leased a property at Nirman Vihar, where he established infrastructure including details and data of victims, mobile phones, SIM cards, and bank accounts for receiving funds.

Co-accused Devender was responsible for fabricating forged documents. All accused individuals, namely Nishant Kumar, Devender Kumar, Manish Kumar, Bhupender Kumar, Sunil Yadav, and Ankit Gaur, utilized different aliases to contact the complainant and persuade him. They also sent numerous letters to him, claiming to be issued from various government agencies such as NPCI, RBI, SBI, among others.