The Cyber Cell of Delhi Police Crime Branch has uncovered a major online stock trading fraud involving Rs 47.23 lakh, arresting five more accused and exposing a cyber fraud syndicate allegedly led by a Chinese national.
With the latest arrests, the total number of accused held in the case has risen to eight. The newly arrested individuals are Manshvi Dochak, Manish Mehra, Manjeet Singh, Sombir, and Atul Sharma. Three other operatives, including Ashish Kumar alias Jack, had been apprehended earlier. The case was registered under E-FIR No. 60000097/2025 at Cyber Police Station, South East Delhi.
Police revealed that a Chartered Accountant was targeted through a Telegram group promoting fake stock trading schemes. The syndicate offered “Buy Today-Sell Tomorrow” and IPO rating traps with promises of daily profits. Over two months, the victim was persuaded to invest Rs 47.23 lakh through a fraudulent website and multiple fake trading applications. When withdrawal attempts were made, the accused allegedly used intimidation and extortion to retain the funds.
Investigations showed that Rs 31.45 lakh of the invested amount was credited to Harshita Furnitures & Interiors, from where Rs 23.80 lakh was routed to Bubai Instant Shop OPC Pvt. Ltd., a shell company allegedly created to siphon off fraud proceeds. The syndicate had opened seven current accounts across multiple banks to launder money. Banking credentials linked to these accounts corresponded to 1,167 FIRs and complaints on the National Cybercrime Reporting Portal.
The Delhi Police Cyber Cell continues to investigate the syndicate to trace all participants and recover the defrauded funds.
