Delhi Police busted a cyber fraud syndicate operating through a fake stock trading application and arrested two men from Haryana for allegedly cheating a woman of ₹22.7 lakh, officials said on Tuesday.
The investigation began after Dr Amita Garg filed a complaint on November 13, alleging that fraudsters added her to a messaging app group titled ‘Stan Chart Dialogue Forum L7’, where administrators shared tips on D-mat share investments. According to DCP Prashant Gautam, one of the group admins, posing as Yalini Guna, convinced the victim to invest through a mobile application and sent her a download link.
Initially, Dr Garg invested around ₹2.7 lakh through multiple transactions. Although the app showed fake profits, the accused pressured her to invest more when she attempted to withdraw the amount. In total, she transferred ₹22.70 lakh before the fraudsters blocked her access to the application, police said.
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Money trail leads to Haryana
Police registered an e-FIR under Sections 318 and 340 of the Bharatiya Nyaya Sanhita and traced the money trail through the NCRP portal. Investigators identified a bank account belonging to Sameer, a resident of Hisar. Call detail record analysis linked additional suspect numbers to the crime, Gautam said.
Arrests after raids
On November 10, police teams conducted raids in Hisar and arrested Sameer and Dev Singh. During interrogation, Sameer confessed to opening five to six bank accounts and handing them over to Dev Singh in exchange for ₹4,000 per account, officials said.
Seizures and judicial custody
Police seized two mobile phones and three SIM cards from the accused. A court later produced both men and sent them to judicial custody. Police said the accused followed a standard modus operandi by contacting victims on social media with promises of high returns. They built trust by showing fake profits before siphoning off larger investments. Further investigation is underway to identify other members of the syndicate and trace the remaining proceeds of crime.
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