Delhi Police’s Crime Branch arrested a 25-year-old man named Jatin from Haryana for allegedly cheating a 75-year-old retired government bank official out of Rs 38.5 lakh through a fake online stock market investment scheme.
The victim was lured into downloading fraudulent stock market applications and added to multiple online groups that encouraged him to invest, promising high returns. Payments were made via online banking and UPI into several personal bank accounts controlled by the fraudsters. When the victim attempted to withdraw funds, he was intimidated and threatened to extort more money.
DCP (Crime) Aditya Gautam revealed that Jatin, a resident of Jhajjar, Haryana, received Rs 19.5 lakh from the victim’s account. Despite earlier raids in Jhajjar, Jatin evaded arrest but was finally traced and caught in Bahadurgarh.
Investigations showed that Jatin used fake SIM cards and forged documents to hide his identity. He is also wanted in a similar case by Gurgaon Police. During interrogation, Jatin admitted to collaborating with an absconding man named Sunil, who persuaded him to open a current bank account, handing over credentials for Rs 50,000.
The fraudulent account is linked to six more complaints on the National Customer Preference Register portal, and Jatin along with his associates are connected to 25 cyber fraud complaints across India.
Police are actively searching for Sunil and other accomplices involved in the scam.
