The Gurugram Cyber Police have busted a massive online fraud syndicate, arresting 14 individuals involved in duping people across India of over Rs70 crore through a fake investment scheme.
The accused created fake Instagram profiles to lure victims with the promise of high returns on investments. Victims were enticed through attractive messages and visuals, after which they were directed to deposit money into fraudulent accounts.
According to ACP (Cyber) Priyanshu Dewan, the group was responsible for 18,477 complaints and 774 registered cases nationwide. Specifically, 33 cases were registered in Haryana, including eight in Gurugram.
The arrests were made between December 2024 and January 2025. Those apprehended include:
Balchand
Wasim
Atif
Vinod Kumar
Yatin
Rahul
Munesh
Niyol Banik
Lokesh Meena
Neeraj Baliya
Hemant Sharma
Harmandeep Singh Randhawa
Ankit Patel
Aman Jha, alias Monu
Police recovered 10 mobile phones and 3 SIM cards during the operation. Based on data from the Indian Cyber Crime Coordination Center (I4C), the fraud amount has been pegged at Rs70.03 crore.
