Home » Gurugram Police Arrest Two Cyber Fraudsters in Stock Market Scam

Gurugram Police Arrest Two Cyber Fraudsters in Stock Market Scam

Kunal Sisodiya and Kailash Dhancharan swindled ₹20.38 lakh from victim.

by Ananya Mehta

Gurugram Cyber Police have successfully arrested two individuals involved in a fraudulent scheme that lured victims with promises of high returns from stock market investments. The accused, Kunal Sisodiya from Jodhpur and Kailash Dhancharan from Bikaner, Rajasthan, were apprehended in Jodhpur after a thorough investigation led by Inspector Naveen Kumar.

The case began on March 23 when a victim reported being duped of Rs20.38 lakh by fraudsters posing as stock market experts. The perpetrators promised large returns but instead siphoned off the funds. Upon investigation, it was revealed that a portion of the defrauded money, specifically Rs12 lakh, was transferred into the bank accounts of the arrested suspects, Sisodiya and Dhancharan.

From the accused’s possession, the police recovered four mobile phones, 10 SIM cards, and three debit cards, all believed to be tools used in the scam. The investigation is ongoing, and authorities are working to track down further accomplices involved in this cyber fraud.

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