Delhi Police have busted a major cyber crime syndicate linked to nearly ₹180 crore in fraud. Two accused were arrested after a probe under Operation Cy-Hawk, aimed at shutting down organised cyber fraud and stopping illegal money flows. The Cyber Police Station in New Delhi district focused on mule accounts, cash handlers, and shell companies used to launder stolen money. Investigators found multiple hotspots with suspicious financial activity. They traced a key account in IDFC Bank under M/s Kudremukh Trading (OPC) Private Limited in Connaught Place. This account was tied to many complaints and showed signs of a mule account involved in organised cyber crime.An FIR was filed on November 19, 2025, under sections of the Bharatiya Nyaya Sanhita (BNS). Rajesh Khanna was named as the account opener but claimed to act under directions from Sushil Chawla and Rajesh Kumar Sharma. The investigation revealed the duo controlled fund transfers and allegedly created 20 shell companies to siphon money. They linked 176 cyber fraud complaints totaling around ₹180 crore. Rajesh Khanna has died in Noida, while the two others were arrested after initially evading investigation. Digital evidence suggests Khanna was a pawn. The accused mentioned links to a person involved in similar frauds in West Bengal. Police have seized two mobile phones and a laptop. These and bank accounts are being examined with the Indian Cyber Crime Coordination Centre as the probe continues.