The Cyber Cell of the Detective Department has successfully cracked an online investment fraud worth over Rs1 crore, leading to the arrest of two individuals. This marks the third instance in less than a week where recoveries related to online crimes have crossed Rs1 crore.
According to Additional Commissioner of Police (I), Murlidhar Sharma, the accused duo created fake websites and mobile applications using the names of well-known overseas companies. They used these fraudulent platforms to lure the victim into investing money in gold trading, falsely promising high returns.
The scam took place in April of this year, when the victim was duped into investing a total of Rs1,03,52,570. The fraud was initially detected after Md Qayamuddin, one of the accused, was arrested on July 3 from the Tiljala area. Investigations revealed that Qayamuddin had operated an account through which Rs10.4 lakh of the victim’s money was transferred, and further transactions worth approximately Rs50 lakh occurred.
The interrogation of Qayamuddin led to the arrest of Diptangshu Gupta, the alleged mastermind behind the fraud, on Friday. Gupta is believed to have been the leader of the gang responsible for orchestrating the scam.
Authorities are continuing their investigation to uncover the full extent of the fraudulent network and ensure that further victims are identified. The case serves as a reminder of the growing risks associated with online investment scams, where criminals exploit trusted names and platforms to defraud unsuspecting individuals.