Panchkula Cyber Crime Police Apprehend Two in Major Share Trading Scam
In a significant crackdown on digital deception, the cyber crime police station in Sector 20, Panchkula, has successfully arrested two individuals involved in a sophisticated cyber fraud case centered around share trading. The operation highlights the growing threat of online financial scams in the region.
Victim Lured with Promises of High Returns
The case unfolded when a resident of Pinjore filed a formal complaint through the official cyber crime portal. The victim reported that unknown perpetrators had contacted him, enticing him with assurances of substantial profits through share trading investments. Exploiting his trust, the fraudsters systematically convinced him to transfer a staggering sum of Rs 10,81,000 into multiple bank accounts. To further deceive him, they sent manipulated screenshots displaying fictitious profits, creating an illusion of successful trading.
Investigation Uncovers Surat-Based Accused
Based on the complaint, authorities at the cyber crime police station in Sector 20, Panchkula, registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and launched a thorough investigation. During the probe, it was discovered that the defrauded funds had been deposited into a bank branch located in Surat, Gujarat. The account holder was identified as Nirav Kumar Patel, a resident of Surat. Further scrutiny revealed that the account was actively operated by his associate, Kriti Kumar Patel.
Arrests and Recovery of Evidence
Both accused were served notices to participate in the investigation and were formally arrested on February 2 after investigators gathered sufficient evidence against them. Following their arrest, the duo was placed under an eight-day police remand. During this period, sustained interrogation led to the recovery of Rs 10,000 each from their respective residences. Subsequently, both individuals were sent to judicial custody as legal proceedings continue.
Public Advisory from Panchkula Cyber Police
In light of this incident, the Panchkula cyber police have issued a stern warning to the public. They urge citizens to exercise extreme caution and avoid trusting:
- Unknown phone calls offering investment opportunities
- WhatsApp groups promoting share trading schemes
- Suspicious links claiming high returns
In case of any suspected cyber fraud, individuals are advised to immediately contact the national cyber helpline at 1930 or file a complaint on the official cybercrime portal. This proactive measure aims to curb the rising tide of digital financial crimes and protect vulnerable investors from similar scams.
