In a major cyber fraud breakthrough, Gurugram Police arrested two individuals — including former bank manager Ayush Kumar — for orchestrating a Rs25 lakh stock trading scam via WhatsApp. The accused lured unsuspecting investors with promises of high returns, using a fake trading group on the messaging platform.
Police seized two mobile phones used in the scam and confirmed that fraudulent transactions were carried out through bank accounts sold between the conspirators. These accounts were used to transfer the defrauded money, with commission cuts at each level of the fraud chain.
The arrested individuals have been identified as Ayush Kumar, a resident of Kamla Nagar, and Vivek Pathak from RF Residency, both in Agra, Uttar Pradesh.
During interrogation, it was revealed that Rs25 lakh was funneled through Pathak’s account, which had been sold to Ayush. In return, Pathak received a 2% commission. Ayush, a former private bank manager, then sold the account to another fraudster and earned a 4% cut.
ACP Cyber, Priyanshu Dewan, stated, “We are continuing our investigation. So far, 33 bank employees have been arrested in various cyber fraud cases.”
An FIR was initially registered at the Cyber Crime Police Station in Manesar, following a complaint from a victim targeted via WhatsApp stock trading groups.
