Jaipur, July 21 (IANS) In a major breakthrough in a high-profile cyber fraud case involving losses of Rs 12.09 crore through a fake online gold trading investment scheme, the Rajasthan State Cyber Crime Police has arrested Divya Singh Kushwaha, a director of Golden Legend Leasing and Finance Limited (GLLFL), from Mumbai.
Investigators found that GLLFL played a key role in facilitating virtual merchant accounts allegedly used to operate the fraudulent online gold trading platform. Police are continuing their search for other accused persons, including the prime suspect, Jayanta Roy.
The action was carried out as part of the Rajasthan Police’s ongoing special campaign against cyber criminals under the direction of Director General of Police (DGP) Rajiv Kumar Sharma.
According to DGP (Cyber Crime) Sanjay Agrawal, a complaint was registered at the State Cyber Crime Police Station, Jaipur, on December 9, 2025. The complainant alleged that they were contacted through WhatsApp with promises of substantial profits from online gold trading and persuaded to invest through the fake website www.kdeonegold.net.
Over time, the victim was allegedly defrauded of more than Rs 12.09 crore, which was transferred to multiple bank and virtual accounts. The accused allegedly contacted the victim via WhatsApp, promising exceptionally high returns through investments on a fake online gold trading platform. To gain the victim’s confidence, the fraudsters displayed fabricated profits in a virtual wallet, encouraging repeated and increasingly larger investments. When the victim attempted to withdraw the funds, the fraudsters allegedly demanded additional payments under various pretexts, including income tax, processing charges, account unfreezing fees, and other levies. Despite collecting crores of rupees, the accused neither returned the invested amount nor permitted any withdrawals.
Under the supervision of ADG (Cyber Crime) Singh, the State Cyber Crime Police conducted a detailed technical and financial investigation. The probe revealed that the virtual merchant account used in the fraud had been provided to Prime Information Technology Private Limited, which was allegedly being operated through Golden Legend Leasing and Finance Limited (GLLFL).
The investigation also uncovered serious lapses in onboarding procedures, Know Your Customer (KYC) compliance, due diligence, risk monitoring, and fraud detection. Authorities further found that numerous complaints linked to the associated accounts had already been registered on the National Cyber Crime Reporting Portal (1930) by victims from several states across the country.
Police had earlier completed the investigation against co-accused Iqbal Ahmed and filed a charge sheet before the court. During the ongoing investigation, evidence establishing the involvement of GLLFL’s directors emerged. Based on these findings, a team from the State Cyber Crime Police Station, Jaipur, travelled to Mumbai and arrested company director Divya Singh Kushwaha. The accused has been remanded to five days of police custody. Investigators are interrogating her regarding the money trail, the roles of absconding accused, digital evidence, and other members of the alleged cyber fraud network.
The Rajasthan Police is continuing efforts to identify other members of the syndicate by analysing bank accounts, mobile numbers, financial transactions, and digital evidence linked to the case.
Simultaneously, authorities are identifying additional victims of the fraud in Rajasthan and other states. The investigation was carried out by a team led by Station House Officer (SHO) Gajendra Sharma under the supervision of the Deputy Superintendent of Police. Investigating Officer Police Inspector Amrita Singh, Sub-Inspector Mukesh Kumar, and Constable Boduram played key roles in the operation.
The Rajasthan Police has urged citizens to remain vigilant against investment schemes promising guaranteed or unusually high returns. People are advised to invest only through registered and trusted financial platforms and to verify the authenticity of investment opportunities received through WhatsApp, Telegram, or other social media platforms.
The police also cautioned the public never to share confidential information such as OTPs, UPI credentials, passwords, or PINs with anyone. In the event of cyber fraud, citizens should immediately report the incident by calling the National Cyber Helpline 1930 or filing a complaint through the National Cyber Crime Reporting Portal.
–IANS
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