In Delhi, a person was cheated of Rs 36.48 lakh by showing him the dream of stock market, 2 cyber fraudsters arrested

News Topical, Digital Desk : Delhi Crime News: Many people invest in the stock market with the dream of earning quick money, but when this dream becomes a source of income for someone else, the matter turns into fraud. One such case has come to light in the South West district of the capital Delhi.

Where two cyber thugs duped a Delhi resident of Rs 36.48 lakh by luring him to invest in IPO and stocks. Using technology and vigilance, the team of Cyber ​​Thana has arrested two smart youths from Rajasthan, who have duped people of crores of rupees through fake apps and shell companies apps with names like Desert Eagle Trading, Dhan Securities, Angle Trading Company and SMCLE Trading Company. Initially, Samuel was shown profits and the money was also returned once or twice. This increased his confidence and he invested a large amount. But when he tried to withdraw the real profit, the apps stopped responding. In a few weeks, Rs 36.48 lakh had disappeared from his account.

The system behind the frauds - from shell companies to 'mule accounts'
After the complaint, a case was registered in Cyber ​​Police Station South West and investigation began. Through technical surveillance and bank trail, the team got clues of a fake company named PK Enterprise located in Chidawa, Rajasthan. Lakhs of rupees were being withdrawn from this account. The investigation revealed a big network where 25 fake bank accounts were opened in the name of more than 10 shell companies. These are called 'mule accounts', which are used to move and make the defrauded money disappear.

Raids in two states, two arrested
The cyber team first raided Mohali (Punjab) and caught Prashant Jangid and then arrested Pradyuman Singh Chauhan from Agra (Uttar Pradesh). Mobile phones, SIM cards and debit cards used in the crime have been recovered from both of them. During interrogation, the accused confessed that they have cheated hundreds of people in the name of investment by opening accounts in the name of fake companies. So far, fraud of about Rs 6 crore has been done from one account that has come to light.

Police say, the story is yet to end.
Investigating officers say that a whole gang is active behind this fraud, whose other members are still absconding. Raids are being conducted in many states. Police hope that the whole network will be exposed soon.

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