Fake Dashboards, Real Losses: Delhi Police Bust Dubai-Linked Forex Scam, Arrest 3

Delhi Police have arrested three men, including a private bank sales manager, for their alleged role in an interstate syndicate that duped Indian investors through a large-scale forex trading scam coordinated by handlers based in Dubai.

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 prior cases of cheating and forgery.

The trio allegedly helped set up shell companies and opened multiple mule current accounts to disguise and launder the proceeds of fraud. Victims were lured through social media groups promoting “guaranteed” forex trading profits. Fake dashboards were used to display manipulated profits, tricking investors into depositing money repeatedly.

Investor funds were later funneled through layered accounts under entities such as "Rebootz Sync Professionals Pvt Ltd" and "ThinkSync Professionals Pvt Ltd". Police revealed that complete banking kits — ATM cards, cheque books, SIM cards linked to the accounts, and net-banking credentials — were handed over to cybercriminals operating from Dubai. A handler identified as Abdul alias Vickey is currently under the scanner.

The arrests were made in separate operations across Delhi and Faridabad. Anurag Kumar allegedly opened multiple mule accounts and sold their control for ₹0.2 million. Zeeshan Syed misused his position at the bank to enable fraudulent access to corporate accounts, receiving ₹70,000 in return. Himanshu Gupta acted as the principal coordinator, linking local operatives with the Dubai-based handler.

Police said the syndicate cheated one victim of nearly ₹4 million, and suspect that many more may have been targeted. Investigations are ongoing to trace additional members and follow the international money trail.

Caution for Investors

Scams of this nature often exploit social media groups and fake trading dashboards to build false credibility. Victims are encouraged to reinvest after seeing fabricated profits, while their money is siphoned through mule accounts and shell companies.

If a platform promises high returns but restricts withdrawals or demands repeated deposits, it is a major red flag. Always verify the legitimacy of trading platforms and avoid unsolicited investment offers via messaging apps or social media.

Stay vigilant. Report suspicious schemes to police or regulatory bodies to help disrupt these fraud networks and protect others from falling victim. You can also Submit a Complaint through BrokesView.