In a major breakthrough in a cyber fraud investigation, Gurgaon Cyber Police have arrested two advocates and one accomplice from Srinagar for allegedly running a fake stock trading scheme that defrauded victims of over Rs1.9 crore.
The main accused, Advocate Shahnawaz Akhtar, a resident of Irfan Colony, Natipora, Srinagar, is believed to be the mastermind behind the scam. Also arrested were Advocate Suhale Ashraf from Lasjan, Srinagar, and Rameez Ahmad Khan from Budgam district. All three were produced before the City Judge/JMFC Srinagar, who granted their transit remand to Haryana for further investigation.
The arrests follow FIR No. 325 registered on September 6, 2025, at Cyber West Police Station, Palam Vihar, Gurgaon. The case has been booked under Sections 318(8), 319, and 61(2) of the Bharatiya Nyaya Sanhita (BNS) 2023.
Complainant Ravi Dutt Sharma alleged he was lured into a fraudulent WhatsApp group promoting a high-return stock investment scheme. He invested through a fake trading app named “Stocks Nuama Pro”, but was unable to withdraw his earnings due to repeated demands for extra fees.
Initial investigations revealed that Advocate Suhale Ashraf facilitated fake transactions totaling over Rs1.22 crore, while Rameez Ahmad Khan managed the illegal transfer and siphoning of the funds.
Court documents suggest more victims may have been duped by the gang. Authorities are continuing the investigation and plan to interrogate the suspects further in Gurgaon.
