Delhi Police have uncovered an interstate cyber-fraud network allegedly using Telegram tasks, cryptocurrency investments and mule bank accounts to defraud victims, resulting in three arrests in a Rs. 7.86 lakh case.
Telegram Scheme Cost Victim Rs. 7.86 Lakh
According to police, the investigation began after a complainant reported that they had lost Rs. 7,86,300 through a Telegram-based task and cryptocurrency investment scheme.
The victim allegedly joined a Telegram group where fraudsters offered online tasks and encouraged cryptocurrency investments with promises of ‘substantial returns.’ Based on these representations, the complainant transferred Rs. 4,66,300 and Rs. 3,20,000 in two separate transactions.
The promised returns did not materialize, and the accused allegedly stopped communicating afterward. Police registered e-FIR No. 0149/2025 under Sections 318(4), 319 and 340 of the Bharatiya Nyaya Sanhita (BNS) at Cyber Police Station South.
Financial Trail Exposes Mule Accounts
Investigators conducted technical and financial analysis to follow the movement of the funds. According to police, multiple mule bank accounts were identified as part of the alleged network.
Investigators traced Rs. 4.66 lakh from the complainant to one mule account. Another account linked during the investigation had allegedly received Rs. 5.22 lakh.
The financial trail eventually led police to Karan Biswas and Mohit Sarkar, also known as Monu, who were arrested in Udham Singh Nagar, Uttarakhand.
Vinay Mandal was formally arrested later. He was already in custody in connection with another cyber-fraud case registered in Rohtak, Haryana, and was subsequently placed on three-day police remand.
USDT Allegedly Used in Fraud Network
According to police, the accused arranged mule accounts through intermediaries who received commissions. These accounts were allegedly used to receive, transfer and withdraw proceeds obtained from victims.
Authorities said some funds were also used for cryptocurrency transactions, including transactions involving USDT. Police recovered two mobile phones, a Canara Bank passbook and digital and financial evidence during the investigation.
Karan Biswas and Mohit Sarkar reportedly had no previous criminal involvement, while Mandal was previously linked to FIR No. 148/25 in Rohtak.
Investigation Continues
The arrests have exposed how Telegram investment schemes can combine conventional banking channels with cryptocurrency transfers. Police are continuing the investigation to identify additional participants, trace remaining funds and determine the wider scale of the interstate network.
Also Read: How the GainBitcoin Scam Became India’s Biggest Cryptocurrency Ponzi Scheme
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