Key Highlights
- Four men were arrested in Delhi for robbing victims via fake USDT cryptocurrency deals.
- The gang posed as police officers; ₹15,000 cash and two motorcycles were recovered.
- Investigation reveals an interstate network with Mumbai and Delhi links still at large.
In a case that shows how crypto scams are on the rise in India, Delhi Police have arrested four men who are accused of cheating people with fake cryptocurrency deals. The men reportedly acted like police officers to scare their victims and take their cash.
Police said the gang told people they could buy USDT, a popular cryptocurrency in India. When the victims came to meet them, the accused pretended to be police officers, frightened them, and forced them to hand over money.
The February 24 incident
The case came up after an incident on February 24 at Netaji Subhash Place in northwest Delhi, as per a report by The Print. Subhash Chand, 53, from Sarai Rohilla, first reported it as a snatching. But further investigation showed it was a planned robbery linked to a fake cryptocurrency deal.
In his statement, Subhash Chand explained that he had been called to complete a USDT deal. During the meeting, the accused allegedly forced him to give cash while pretending to be police officers.
Arrests and recovery
Anish Khan, 60, from Azadpur, was arrested on February 26. The other three – Saud Alam (46, Mangolpuri), Md Harun (55, Nangloi), and Abdul Kadir alias Guddu (40, Goregaon East, Mumbai) – were caught at Netaji Subhash Place while reportedly planning another robbery.
Police recovered ₹15,000 in cash, part of the amount stolen, along with two motorcycles that were allegedly used to carry out the robberies.
Links to an interstate network
During questioning, the accused said they were part of a bigger interstate gang. The group reportedly has connections with Vishnu and Nilesh from Mumbai, and a Delhi-based associate, Baba Sulemani, who are still on the run.
The police shared that they are actively trying to track them down.
Criminal records of the accused
- Anish Khan has a long criminal history with 10 cases registered against him, including extortion, robbery, snatching, theft, and violations under the Arms Act. He is listed as a Bad Character (BC) by Adarsh Nagar Police Station.
- Saud Alam and Abdul Kadir have prior cheating cases.
- Md Harun has no previous criminal record.
Police investigation continues
Authorities said the investigation is ongoing, including probing the gang’s operations and potential additional victims.
This incident is a clear warning for anyone investing in crypto in India. Cases of fake cryptocurrency deals are on the rise, and police are asking people to be cautious, check who they are dealing with, and avoid meeting strangers for crypto transactions.
Also Read: From Gunpoint Robbery to ₹3.49 Cr Scam: India’s Crypto Crime Crisis
