The Delhi Police have uncovered a sophisticated cyber fraud network responsible for cheating investors out of crores through fake stock market investment schemes operating across India. Officials confirmed the arrest of Sunil Kumar, director of a shell company, along with Vishal Choure and his wife, who were allegedly key members of the racket.
The elaborate scam was carried out under the guise of legitimate enterprises such as GTR Electronics Pvt. Ltd. and Udyam Women Empowerment Foundation. These entities were used to run online traps, fraudulent trading schemes, and investment cons that targeted unsuspecting victims nationwide. The arrests followed coordinated raids conducted in both Haryana and Maharashtra.
Police launched the investigation after receiving a complaint from a victim who lost Rs 1.6 crore in the scam. As investigators traced the financial trail, they discovered that the fake companies were deeply involved in extensive cyber fraud operations. So far, at least 58 complaints related to the network have surfaced.
Authorities believe the fraud ring may be larger than initially suspected and are continuing to track money flows, identify additional members, and expose the full scale of the syndicate.
