India, Oct. 30 -- A multi-layered financial fraud syndicate operating across Delhi-NCR has been busted with the arrest of three people, including a key account holder and two facilitators involved in laundering cheated funds through fraudulent POS transactions.
The accused have been identified as Md Izhan, a resident of Jamia Nagar and Manoj Kumar and Noor Hasan, both working at a fuel station in Sarita Vihar, police said.
The case came to light during an investigation into a cyber fraud case registered in South Delhi that was later transferred to the Crime Branch. "During the first phase of the operation, on September 26, police traced a beneficiary account held by Izhan that had received '6.8 lakh from the defrauded amount. Following a ...