Three Arrested in Rs 2.5 Crore Investment Fraud
Kaithal police have arrested three individuals in connection with a cyber fraud that defrauded a retired Education Department employee of over Rs 2.5 crore. The accused were taken into custody by the cybercrime team following an investigation into the scam, which involved promises of high returns through share market investments.
How the Scam Unfolded
According to a police spokesperson, the victim encountered a Facebook advertisement promoting stock market investments. He clicked the link and joined a WhatsApp group, where fraudsters posed as investment advisors. They offered high returns and created a fake virtual wallet on a website mimicking SBI Securities. To build trust, they conducted a video KYC.
The victim initially invested Rs 50,000 on September 1, 2025, and received Rs 1,000 as a return. Encouraged, he transferred more money in phases to different accounts after seeing fictitious profits on the fake trading platform. When he tried to withdraw, the fraudsters demanded additional payments for company commission and sent forged SBI Securities receipts. Despite paying, he never received his money.
Police Investigation and Arrests
After verifying with his bank, the victim realized he had been cheated. Police stated that the accused fraudulently obtained Rs 2,50,51,597 through multiple bank transfers. A case was registered at the Cyber Crime Police Station, and Superintendent of Police Manpreet Singh Sudan ordered a speedy inquiry.
The arrested individuals are Sanjay Kumar, Satrohan Kumar (both from Mirpur Koniya village, Bahraich district, Uttar Pradesh), and Dalip (from Ambapur village, Bahraich). Police said Sanjay and Satrohan's bank accounts received the defrauded money, while Dalip arranged and supplied these accounts to the fraud network in exchange for commission.
Dalip has been remanded to five days of police custody for further interrogation, while the other two have been sent to judicial custody. The investigation continues to identify and arrest other members of the cyber fraud nexus.
