India, July 6 -- A 36-year-old chartered accountant, allegedly the mastermind of an inter-state cyber fraud racket, was arrested at Delhi's Indira Gandhi International Airport by the Uttarakhand Special Task Force (STF) on Saturday.

Police said that a Look Out Circular (LOC) was issued against the accused - Abhishek Agarwal - earlier in connection with a fake loan apps and financial fraud case.

"Agarwal had set up nearly 35 to 40 shell companies - 13 in his own name and 28 in his wife's name - many of which had Chinese nationals as co-directors. These companies were used to route and launder over Rs.750 crore in suspicious transactions, which are now under investigation," senior superintendent of police of the STF Navneet Bhullar said....