In a significant breakthrough, Purushottam Dewangan (21) from Durg has been arrested in connection with a Rs 6.5 lakh share trading scam. The scam involved fraudulent stock market activities where the accused allegedly supplied SIM cards used in carrying out the illicit transactions.
Mayur Lakhtaria, the victim, reported the loss of Rs 6.5 lakh after falling for a fake share trading scheme. Investigators discovered that Purushottam Dewangan played a key role by providing the SIM cards, which were used to facilitate fraudulent financial activities. The authorities have since traced over 600 SIM cards that were linked to various cybercrimes, and these SIM cards are being deactivated as part of the investigation.
The case highlights the growing role of SIM cards in cybercrimes, where fraudsters use multiple SIMs to mask their identity and carry out illegal transactions. Dewangan’s arrest is part of an ongoing effort to crack down on such scams and prevent further financial losses to victims.
Authorities are continuing to investigate the wider network involved in this scam, and more arrests may follow.
