The police have arrested the prime accused in a major online investment fraud case involving approximately Rs 27 lakh, marking a breakthrough in the ongoing investigation into the cyber scam.
The accused, 26-year-old Aditya Jain from Jaipur, Rajasthan, is believed to be the mastermind behind the fraudulent stock market investment scheme. With his arrest, a total of four individuals have been apprehended so far in the FIR dated February 17 at the Cyber Crime Police Station.
The case began when complainant Sachin Aggarwal reported responding to a Facebook advertisement promising lucrative stock market returns. After joining a Telegram group linked to the ad, he was persuaded to invest through a mobile app that displayed fake profits, offered trading tips, and conducted online sessions to gain his trust. Believing the scheme to be genuine, the complainant transferred around Rs 27 lakh through multiple IMPS transactions to accounts provided by the fraudsters.
Investigations revealed that the bank accounts were fraudulently opened as part of a larger cyber fraud network. Three other accused — Manjeet Buri, Ashish Saxena, and Himanshu Gautam — were previously arrested in Jaipur and disclosed that Jain arranged the bank accounts and orchestrated the scam.
Jain had reportedly fled to Dubai after committing the fraud, leading authorities to issue a lookout circular. He was later apprehended by Rajasthan Police in another case with Interpol assistance, after which Chandigarh Police obtained production warrants and formally arrested him on March 7, securing two days of police remand.
Further investigations linked mobile numbers recovered from Jain to over 350 cyber fraud complaints and 13 FIRs across India. Authorities are continuing to probe the extent of the racket and potential accomplices.
Police have urged the public to exercise caution with online investment schemes and verify sources before making financial transactions.
