The cybercrime team led by Sub-Inspector Yudhvir Singh has made two more arrests in an Rs 18.79 lakh online fraud case, bringing the total to four.
The recently arrested individuals, Nasir Beg and Ansar Khan, hail from Dewas, Madhya Pradesh, and were apprehended on August 20. Interrogation of the duo has led to the identification of other possible accomplices involved in the scam.
Previously, the police had nabbed Vijay Kumar from Sonepat and Nitish Kumar, also known as Jony, from Ludhiana in June and July. The authorities had frozen several bank accounts linked to the fraudulent activities.
The scam originated from a fake trading ad on Facebook, which directed victims to a fraudulent mobile application impersonating Kotak QIB. Unsuspecting investors were added to WhatsApp groups, shown forged SEBI certificates, and enticed with false promises of high returns.
One of the victims, Jagmender Singh of Sector 12A, Panchkula, lost his money after being manipulated through the scam channels. When he tried to withdraw his investment, the fraudsters threatened him with penalties, further intimidating him.
Police say investigations are ongoing, and more arrests may follow.
