Indore: The Indore Crime Branch has arrested a man accused of swindling Rs74 lakh from an investor in a fraudulent share market scheme. The accused, identified as Lokesh Gupta, was apprehended after a complaint filed by the victim, Dheeraj Mathur.
According to police officials, Gupta enticed the victim with promises of high returns on investments. Initially, he delivered small profits to gain trust, eventually convincing Mathur to invest a substantial amount.
Gupta reportedly forged documents and created a fake website mimicking the reputed Anand Rathi Group, headquartered in Goregaon, Mumbai. He used this deception not only to mislead Mathur but also targeted his daughter in the process.
Following the scam, Gupta fled his residence in Venkatesh Nagar and went into hiding at an apartment in Silicon City, Indore. Acting on a tip-off and digital surveillance, the Crime Branch successfully tracked and arrested him.
A formal case was registered on May 8, 2025, under relevant sections of the Bharatiya Nyaya Sanhita (BNS), including fraud and criminal breach of trust. Gupta was officially taken into custody on September 22, 2025, and is currently under investigation.
Authorities stated that the arrest is part of a larger initiative to curb financial fraud in the region.
