New Delhi, Jan. 3 -- Delhi Police have busted a major cyber crime syndicate operating through a web of shell companies, arresting two accused and uncovering transactions linked to nearly Rs 180 crore in cyber fraud cases traced across the country.

The crackdown was carried out under Operation Cy-Hawk, launched to dismantle organised cyber fraud networks and choke illicit financial channels used for routing cheated money.

According to the Cyber Police Station of the New Delhi District, the operation focused on mule accounts, cash handlers and shell companies allegedly created to launder proceeds of cyber fraud. Investigators identified multiple hotspots in the district linked to suspicious financial activity. Scrutiny of complaints on th...