The Delhi Police have arrested two individuals and dismantled an online investment scam that cheated a victim of approximately Rs 80 lakh, officials confirmed on Sunday. The arrests were made following a complaint filed at the Rajinder Nagar police station.
Details of the Fraud
The case was registered under Sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS) after a victim reported being duped through a fraudulent stock market investment scheme. The accused lured the complainant with promises of high returns on purported stock market investments. Trusting these assurances, the victim transferred nearly Rs 80 lakh through multiple transactions over time.
However, neither the promised returns nor the principal amount was ever returned to the victim, prompting the police complaint. The police investigation led to the arrest of two suspects, whose identities have not been disclosed pending further investigation.
Police Action and Investigation
Officials stated that the scam was sophisticated, using fake investment platforms to appear legitimate. The arrested individuals are believed to be part of a larger network, and further inquiries are underway to identify other accomplices and potential additional victims. The Rajinder Nagar police are coordinating with cybercrime units to trace the funds and dismantle the operation.
According to a police spokesperson, “The accused promised extraordinary returns on stock market investments, exploiting the victim’s trust. We urge the public to verify investment schemes before transferring money.”
Modus Operandi
The scammers used social media and messaging apps to approach the victim, presenting fake credentials and forged documents to build credibility. They created a sense of urgency by offering limited-time opportunities, pressuring the victim to invest quickly. The money was routed through multiple bank accounts to avoid detection.
Public Advisory
The Delhi Police have issued a warning against such scams, advising citizens to be cautious of unsolicited investment offers promising unusually high returns. They recommend verifying the registration of any investment platform with regulatory bodies like SEBI and reporting suspicious activities immediately.
The investigation is ongoing, and authorities are working to recover the defrauded amount. Further arrests are expected as the probe continues.
