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Delhi Police Busts Corporate Bank Account Fraud Syndicate; Two Arrested, Assets Worth ₹2.50 Crore Recovered
In a major crackdown on cyber-enabled financial fraud, the Central District of Delhi Police has busted a syndicate involved in impersonating corporate directors to fraudulently transfer money from company bank accounts. Two accused have been arrested, and assets worth approximately ₹2.50 crore have been recovered.
The case came to light following a complaint by the Branch Manager of Bank of India, Rajendra Place, New Delhi.
According to the police, on August 5, 2026, a fraudster impersonating a corporate director contacted bank officials and initially discussed opening a Fixed Deposit Receipt (FDR) of ₹1 crore to gain their confidence.
Later, the caller claimed that the company's cheque book had been exhausted and requested an urgent payment through email. A fraudulent email, designed to closely resemble the company's registered email address, was sent along with a forged company letterhead, requesting a transfer of ₹22,56,922.
The bank officials were allegedly pressured into processing the transaction, resulting in the fraudulent transfer of the amount through RTGS.
Following a detailed technical investigation and analysis of digital and telecom records, the police arrested two accused, identified as Vinay Kumar Yadav, aged 36, a resident of Loni, Ghaziabad, and Anil Kumar Sehgal, aged 65, a resident of Noida.
Police investigation revealed that the accused allegedly used forged company documents, deceptive email IDs, social engineering techniques and mule bank accounts to execute the fraud. The money was subsequently diverted and converted into assets, including gold purchases and cash withdrawals.
The police recovered assets worth approximately ₹2.50 crore, including 101 gold coins, 17 gold chains, nine gold bracelets, three gold necklaces, three rings, six earrings, other gold ornaments, ₹2.37 lakh in cash and a newly purchased Mahindra Thar Roxx. Three mobile phones were also recovered.
During the investigation, it also emerged that one of the arrested accused, Vinay Kumar Yadav, was a proclaimed offender in a forged currency case and had been absconding for more than seven years.
The investigation further revealed the involvement of the accused in six other cases of similar modus operandi registered in different areas, including Gurugram, Palwal and Delhi. Inter-state links with associates operating from West Bengal and Bihar have also emerged.
Delhi Police has advised banks and financial institutions to strictly follow verification procedures for high-value transactions and independently confirm urgent payment requests through registered contact details.
Citizens, corporate organisations and financial institutions are also advised to report cyber fraud immediately through the National Cyber Crime Helpline 1930 or the official portal www.cybercrime.gov.in.
The investigation is continuing.
Cyber Crime awareness with M Harsha Vardhan IPS -    • Awareness on Cyber Crime with M Harsha Var...  
Vishal Gupta,
Radio Dwarka,
India’s First Online Community Radio,
3rd November 2026, Tuesday