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News Topical, Digital Desk : The cyber cell of the Crime Branch of Delhi Police has busted a cyber gang that duped a senior citizen of Rs 31 lakh in the name of investing in the stock market. The police have arrested three accused, while the search for other members of the gang is still on.
According to the police, the 62-year-old victim was working in a construction company. The accused first contacted him through social media platforms Instagram and WhatsApp. After this, he was registered on a fake investment website and added to a WhatsApp group, where tips were sent daily in the name of stock market. The fraudsters claimed that they were running IPO funding and high profit withdrawal scheme. After convincing the victim by showing small profits on initial investment, lakhs of rupees were invested.
What is the whole matter?
Investigation revealed that when the victim tried to withdraw his money, the accused started threatening him. He was told that more money would have to be deposited to get the money back. Due to this mental pressure and threat, the victim transferred the money several times. In total, they transferred about Rs 31 lakh to different accounts. Out of these, Rs 5.44 lakh was deposited in Mohsin's account alone.
Police is identifying the accused
The Crime Branch arrested three accused named Mohsin, Nayyar Ali and Kaif. Investigation revealed that Mohsin had sold his IDFC Bank current account to another associate through Kaif and Nayyar Ali. The gang used to charge 1% to 1.5% commission on each transaction.
What is the next step?
Police say that the network of this gang is spread across Delhi and UP. Other associates are being searched and more arrests are possible soon. The cyber cell has warned people to thoroughly investigate any investment scheme before investing money in it and avoid suspicious links or offers.
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