New Delhi, Dec. 7 -- Delhi Police Crime Branch Cyber Cell has busted a major cyber syndicate operating through multi-layered shell companies and cross-border financial channels linked to Chinese handlers, following the investigation into an online investment fraud case involving a 61-year-old senior citizen who lost Rs 33.1 lakh.

According to the release, the probe into E-FIR revealed that a significant portion of the cheated amount, Rs 10,38,000, had been routed to accounts linked to a fake firm, BELCREST INDIA PVT. LTD. The company was allegedly operated by Shivam Singh and Lakshay, who were identified as its key directors.

Accused Lakshay was arrested on November 19, 2025. Police said he confessed to creating the fictitious company, ...