India, Nov. 18 -- The Delhi Police has arrested three people, including a sales manager of a private bank, over alleged links with an interstate syndicate involved in a large-scale forex trading scam operated by Dubai-based handlers.
The accused have been identified as Anurag Kumar, a mule-account provider; Zeeshan Syed, sales manager at a private Bank; and Himanshu Gupta, a key handler with past involvement in cheating and forgery, police said.
They were allegedly part of a network that created shell companies and opened multiple mule current accounts to layer and launder the proceeds of investment frauds, the police said. The gang lured victims through social media groups, using manipulated dashboards to display fictitious forex trading...