Delhi Police have achieved success in busting a gang accused of defrauding an amount of Rs 57 lakhs, using a fake cryptocurrency deal as a cover on Thursday. There are five gang members who have been arrested by Delhi Police on charges of duping an individual of a huge amount.
Delhi Police have shared information regarding the case through a post on their official X account. According to police, the complainant had approached the Karol Bagh Police Station on 30 June, 2025. He informed the police about how he had been duped and scammed.
According to him, the accused had collected cash worth Rs.57 lakh from him and promised to transfer it back as USDT. Later, when no USDT was received, the victim approached the police.
The victim had made a transaction at a travel agency office, where he was accompanied by two of the accused, Anmol and Ajay. According to DCP Central Nidhin Valsan, right after the cash was handed over to a man named Shivam and the other associates, they made an escape without fulfilling the promise of transferring back the cryptocurrency.
The team of Karol Bagh Police Station began investigating the case. Based on technical surveillance and sustained interrogation, police were able to apprehend the five accused. They have been identified as Nitin Sharma, Praveen Kumar, and Rakesh Kumar Dutta, who are residents of Punjab, while Ajay Chaudhary and Anmol are residents of Noida and Panipat, respectively.
Police have seized cash worth Rs. 1.57 lakh, one Toyota Fortuner car, and two scooters from their possession. These vehicles were used by the gang members in carrying out the crime. While Shivam, who is the purported mastermind, had fled the scene and has remained in hiding, police have successfully recovered the victim’s cash worth Rs. 57 lakh from a secret location.
On 18 June 2025, a similar cryptocurrency scam came to light. The DCP South Delhi had shared the information regarding the case through their official X account. The victim was duped into investing Rs. 10 lakh through Bitop, which is a fraudulent app. He was contacted by the fraudsters via FB Messenger app.
According to DCP South Ankit Chauhan, the victim had downloaded a scam crypto app on his phone, where he was shown fake gains in the app wallet. When he tried to retrieve the invested funds, the fraudster demanded a 30% clearance fee, and that was when he realised he had been scammed.
The victim then approached the Cyber Police, after which he filed an FIR against the scammer. During their investigation, Garima Singh, who was interrogated, confessed that she had shared her bank credentials with one of her neighbours in Mirzapur, Uttar Pradesh, in exchange for Rs. 1000.
According to Garima, her neighbour Alok Singh had been gathering the account details of local residents and later handed over these crucial details to a man named Avinash Verma. Avinash further sold these details to the main accused, Himanshu Baisoya, in exchange for Rs. 15,000 for each account. He had provided eight bank accounts to Himanshu for conducting digital fraud.
After further investigation, police discovered that it was Baisoya who operated each of the bank accounts and withdrew the scammed money from ATMs. In addition, Himanshu purchased USDT in cash from Simaranjeet Singh and Kamal Insan, which was later transferred by him to his contacts at inflated rates. Himanshu Baisoya was later arrested by police.
According to Delhi Police, they had successfully recovered one laptop, five mobile phones, and four Punjab National Bank (PNB) passbooks, which were used during the scam operations.
