New Delhi: Nine members of a cybercrime syndicate were arrested for procuring and selling bank accounts to facilitate cyber fraud, routing funds through hawala channels and cryptocurrency. Transactions amounting to Rs 5.24 crore were traced to a single account.Police said they received intelligence on Nov 26 about the syndicate from a hotel in Dwarka. Acting on the tip-off, a raid was conducted and four individuals were arrested. They were identified as Sultan Salim Shaikh, Sayed Ahmad Choudhary, Satish Kumar and Tushar Maliya.The accused disclosed that they defrauded people on the instructions of another syndicate member and frequently changed locations to evade detection. The interrogation revealed that Shaikh opened a current account with the bank about a month earlier at the behest of a handler, who allegedly promised him a 25% commission on fraudulent transactions. He was also given a new mobile phone as part of the arrangement, police said.“An examination of the bank account showed it was opened with an initial deposit of Rs 25,421 and was used for suspicious activity. Between Nov 21 and Nov 26, as many as, 10,423 transactions were carried out through the account, involving an amount of Rs 5.24 crore,” said DCP (IFSO) Vinit Kumar.Subsequent raids led to the arrest of five more accused: Shivam and Sunil, Parbhu Dayal, Tarun Sharma and Suresh Kumar Kumawat.Kumawat emerged as a key link between account suppliers and the kingpins, also laundering proceeds through hawala channels. The money trail involved circular transactions where funds were withdrawn in cash and exchanged with hawala operators against cryptocurrency transfers, particularly USDT.