Centre's Joint Task Force On Cybercrime Makes Debut With Scam Against Which 76,000 Complaints Were Received
The task force provisionally attached three plots of land belonging to a scamster in Sri Ganganagar and Jaipur
In a major crackdown on online cyber fraud, the newly established Joint Task Force (JTF) on cybercrime took its first action by provisionally attaching three plots of land belonging to a scamster.
According to sources, the Income Tax department, under the Prohibition of Benami Property Transactions Act (PBPT), confiscated two plots in Sri Ganganagar and one in Jaipur. These were in the name of Malkeet Singh, father of Karamjit Singh—one of the prime accused in the multi-crore CAPPMOREFX scam, which is being investigated by the Rajasthan Police. The scam is worth Rs 8,000-10,000 crore, believe agencies.
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JTF was set up recently under the Regional Economic Intelligence Council (REIC)’s leadership, and the convener is the Director General of Income Tax (DGIT) at Jaipur. It consists of various agencies such as the Income Tax department, Enforcement Directorate (ED), Central Bureau of Investigation (CBI), and Rajasthan Police (CID-CB, SOG, and DGP Cybercrime).
This is the JTF’s first concerted operation, showing increased state and central government efforts towards cracking down on cyber fraud. Police officials have also announced that crackdowns on more such crimes would follow to secure citizens against fraud.
A top official aware of the development said the action was initiated based on intelligence shared by the Superintendent of Police (SP), Cybercrime, Jaipur, during the JTF’s first meeting on February 7, 2025.
“Police probes revealed that in 2022, accused persons Ajay Arya, his father Lajpat Rai Arya, Deepak Arya, and Karamjit Singh formed CAPPMOREFX in Vijayapur, Karnataka. They reportedly enticed victims by promising online forex trading courses in the name of ‘Teachable Tech’ using social media. Under the disguise, the accused is said to have operated a Ponzi scheme, offering exponential returns on investments in cryptocurrency," a senior government official said.
“Early investors were paid double their amount at first, but they were later persuaded to bring in friends and family. Police have so far received over 76,000 complaints of cyber fraud associated with the scam online, and losses could be running into thousands of crores," the official added.
Investigations have also revealed that the illegally acquired money was utilised to purchase properties in the names of relatives and associates. The investigation into the trail of finances and beneficiaries is on.
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