In a disturbing turn of events, the Delhi Police have apprehended seven individuals linked to a syndicate that targeted cryptocurrency investors. This gang reportedly lured victims with offers of discounted deals on digital assets, only to rob them at gunpoint during arranged meetings.
The arrests followed a robbery incident involving a 21-year-old engineering student from the Netaji Subhash Institute of Technology in Dwarka. The student, eager to invest ₹ 1.83 lakh—part of a ₹ 2 lakh scholarship—into USDT, was enticed by an advertisement on Instagram. After arranging a meeting last Sunday near Paschim Vihar East Metro Station, he found himself surrounded by the gang, where he was threatened and robbed.
According to Deputy Commissioner of Police (Outer) Sachin Sharma, the victim met two friends before the encounter. During the meeting, one of the suspects entered the vehicle brandishing a pistol, while the remaining members of the gang encircled the car, effectively cutting off any escape. The police noted that the victim was coerced into surrendering the cash intended for his cryptocurrency investment.
The police investigation quickly led to the identification of two suspects, Amit alias Racer and Preetpal alias Anum, through digital surveillance methods. They were arrested earlier this week, with authorities recovering ₹ 56,000 in cash, a firearm with three cartridges, a vehicle, a scooter, and four mobile phones from their possession.
Interrogations of these initial suspects prompted the arrest of five additional gang members, including the alleged ringleader Amit Jain and three brothers: Nishant aka Nikhil, Shivam alias Golu, and Harsh alias Hency. A fifth suspect, identified only as Abhay, was also apprehended. The police seized five more mobile phones, ₹ 40,000 in cash, and a motorcycle from the group.
All suspects are reported to be between the ages of 22 and 31. DCP Sharma revealed that Jain, who resides in Delhi”s Pahari Dheeraj area, had previously incurred significant losses—amounting to ₹ 62 lakh—in a rice export venture. This financial setback reportedly motivated him to orchestrate these armed robberies.
Jain is said to have coordinated with his accomplices to target victims at pre-arranged meeting locations. The three brothers played key roles in executing the robberies. After each successful crime, the stolen amount was divided among the principal members of the gang. Authorities confirmed that they are connected to at least three similar robbery cases reported at police stations in Netaji Subhash Place, Budh Vihar, and Shahabad Dairy.
