New Delhi, May 16 -- The Intelligence Fusion and Strategic Operations (IFSO) Unit of Delhi Police's Special Cell has busted an international investment fraud syndicate operated through mule bank accounts and cryptocurrency payments and arrested two individuals in which one of them linked to Chinese cyber networks.

According to Delhi Police release, the syndicate came to light after a Delhi resident, Ashok Kumar, lodged a complaint on April 2, 2025, alleging he was defrauded of Rs 64.75 lakh.

The victim was lured into investing in fake IPOs and stock trading via a bogus platform, Business Catalyst Market Ltd. He was manipulated into transferring funds to five different accounts, the Delhi Police said.

Following the complaint, a case was...