Faridabad Cybercrime Gang Busted: Seven Arrested for Stock Market Investment Scam
In a significant breakthrough, the Faridabad police have dismantled a cybercrime gang involved in defrauding individuals through a stock market investment scam. Seven suspects, including a chartered accountant, a private bank official, and a former bank manager, were apprehended in Faridabad following a thorough investigation by law enforcement authorities.
The modus operandi of the gang involved deceiving unsuspecting victims under the guise of facilitating investments in the stock market. Utilizing fraudulent methods, the gang managed to swindle a staggering amount of ₹8.54 lakh from a single victim. Upon their arrest, the police recovered ₹22500 in cash, along with four mobile phones, seven cheque books, and three debit cards from the possession of the suspects.
Investigators uncovered that the accused were in communication with a Chinese cybercrime suspect via the messaging app Telegram, through whom they obtained fake accounts to perpetrate their fraudulent activities. The suspects hail from various locations across Uttar Pradesh, Delhi, and West Bengal, highlighting the widespread nature of their criminal enterprise.
Abhimanyu Goyal, assistant commissioner of police (cybercrime) in Faridabad, provided insight into the operation, stating that the masterminds behind the scam were Amit and Sunil, who maintained contact with an individual named Mek from China. The gang’s scheme involved creating fake websites resembling legitimate stock trading platforms, enticing victims to invest substantial sums of money. Once funds were transferred to these fake accounts, the perpetrators would swiftly divert the money into their own accounts.
Among the arrested individuals were former bank employees, including Mayank, who previously served as a bank manager, and Krishnaveer, who worked as a relationship manager. Their insider knowledge and access to fake SIM cards and accounts facilitated the execution of the scam.
Following extensive interrogation, all suspects were presented before a city court and subsequently remanded to judicial custody. The successful crackdown on this cybercrime syndicate serves as a testament to the diligent efforts of law enforcement agencies in combating digital fraud and protecting the interests of citizens.
As authorities continue to investigate the matter further, it underscores the importance of vigilance and awareness in safeguarding against cyber threats in an increasingly digital world.
