A social media chat turned into a costly ordeal for a Delhi resident, exposing a stock investment scam operated from a hotel in Nepal, with fraudulent transactions exceeding Rs10 crore in just one month, police said on Monday.
Two men, Shashi Pratap Singh (28), a BBA graduate, and Nihal Pandey (27), an MCA graduate, were apprehended from Gorakhpur, Uttar Pradesh, in connection with the case. According to police, Shashi revealed that Nihal had taken him to Nepal, from where the fake operations were being run.
Deputy Commissioner of Police (Shahdara) Prashant Gautam said Nihal disclosed that a person had tasked him with arranging multiple bank accounts to launder the defrauded money.
“Nihal had taken Shashi to Nepal, where they stayed in a hotel with three others and handed over SIM cards and banking credentials to a person,” the DCP added.
Investigations are ongoing to identify additional accomplices and to trace the laundered funds.
