Sat Jan 03 06:37:49 UTC 2026: Here’s a summary and a news article version of the provided text:
Summary:
In January 2026, Delhi Police, under “Operation Cy-Hawk,” dismantled a major cybercrime syndicate operating through a network of shell companies. The operation uncovered approximately ₹180 crore linked to cyber fraud cases across India. Two individuals, Sushil Chawla and Rajesh Kumar Sharma, were arrested after an investigation revealed they controlled fund transfers and allegedly opened 20 shell companies to launder money received through fraudulent activities. The investigation began after suspicious activity was detected in an IDFC Bank account registered to a company named M/s Kudremukh Trading (OPC) Private Limited. The probe also revealed links to a deceased individual allegedly used as a pawn and connections to similar fraud cases in West Bengal. Digital evidence has been seized and is under examination.
News Article:
Delhi Police Bust Cyber Fraud Ring, Expose ₹180 Crore Scam
New Delhi, January 3, 2026 – Delhi Police have cracked down on a major cybercrime syndicate, arresting two individuals and uncovering a web of shell companies used to launder nearly ₹180 crore in fraudulently obtained funds. The arrests are the result of “Operation Cy-Hawk,” a focused effort to dismantle organized cyber fraud networks operating across India.
According to the Cyber Police Station of the New Delhi district, the investigation began after suspicious activity was detected in an IDFC Bank account registered to M/s Kudremukh Trading (OPC) Private Limited. The account, flagged through the National Cyber Crime Reporting Portal (NCRCP), was linked to multiple cyber fraud complaints.
Police identified Sushil Chawla and Rajesh Kumar Sharma as the masterminds behind the operation. Investigators allege the duo opened 20 shell companies to siphon off the ill-gotten gains, which were then routed through multiple layers to obscure their origin. A third individual, Rajesh Khanna, who registered the initial bank account, has since died. Authorities believe Khanna was used unknowingly to open the accounts.
“This operation has exposed a sophisticated network designed to defraud citizens across the country,” stated a police spokesperson. “We are committed to dismantling these criminal enterprises and bringing perpetrators to justice.”
The investigation has revealed connections to 176 separate cyber fraud complaints. Digital evidence seized during the arrests is being examined with the help of the Indian Cyber Crime Coordination Centre (I4C) to identify additional links and potential victims nationwide. Police also noted that the accused claimed links to a person reportedly involved in similar fraud cases in West Bengal.
The investigation remains ongoing.
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