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News Topical, Digital Desk : Stock Trading Fraud: Delhi Police have uncovered a major online stock trading scam and arrested two young men from Patna, Bihar. Acting at the behest of a Chinese handler, the accused defrauded people in the name of stock trading and IPO investment. So far, fraudulent transactions totaling ₹47.23 lakh have been uncovered in this case.
The arrested accused have been identified as Sahil Yadav, 25, and Aryan, 22. The complainant was lured into stock trading schemes through a social media group. He was lured into investing on a fake website by offering offers like "immediate buy," "immediate sell," and "IPO rating." However, when he attempted to withdraw his money , the accused threatened him and extorted more money. Police investigations revealed that ₹31.45 lakh was deposited in a private bank account opened in the name of Furniture and Interiors. Of this amount, ₹23.8 lakh was transferred to another shell account. The accused had opened seven such bank accounts to conceal fraudulent transactions through money laundering.
The accused were operating from Noida. So far, 89 NCRP complaints have been linked to this fake firm. Both accused were operating from Noida and were receiving instructions from Uttam Nagar. This handler worked for the China-based mastermind "Tom." The Crime Branch tracked Aryan's location, conducted a raid in Greater Noida, and arrested both of them. They also recovered fake documents and fake SIM cards. Interrogation revealed that they were recruited through social media in December 2024 and were promised a commission of ₹30,000 for every ₹1 crore transaction. Police are now piecing together the entire international syndicate.
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