Delhi Police Nabs Mastermind Behind Pan-India Forex Scam

• Delhi Police arrested Krishna Kumar Sharma, the alleged mastermind of a pan-India forex fraud syndicate.
• Sharma duped traders, professionals, and travel companies across multiple states, often posing as a film producer.
• He used elaborate setups in five-star hotels, involving gang members, to lure victims into forex deals and steal foreign currency.
• Sharma was wanted in Kolkata for a USD 15,000 and 1,000 Euros scam and is also accused in a 2024 Delhi case involving USD 25,000.
• He allegedly turned to large-scale forex frauds after his event management business suffered losses during the pandemic.

Why It Matters: Arrest of a forex fraud mastermind protects traders and businesses nationwide.