India, Nov. 24 -- With the arrest of four people, Delhi Police's crime branch has claimed to bust a Rs.7 crore investment fraud nexus which was operational across the country. The accused, police said, were operating a multi-layered money-routing system with the help of Dubai-based handlers and fake stock trading platforms.

While the gang has been active for around eight months, complaints about a London-based financial services firm started coming in April, claiming that representatives of the firm had cheated some people.

Police said one of the complainant was convinced to invest close to Rs.6 crore in a high-return trading account on social media. After initially showing fabricated profits, the syndicate blocked access to withdrawals...