A man from Jabalpur, Deepanshu Gupta, fell victim to a fraudulent share trading scheme that promised to double his money, losing a substantial Rs19.5 lakh. The scam unfolded on Sunday when the fraudsters lured him into an investment scheme involving share trading.
Gupta immediately reported the crime to the local cyber cell, prompting an investigation into the matter. As authorities delved into the case, one of the primary suspects, Vikas, was apprehended after it was revealed he had received Rs10 lakh in his bank account, which was part of the defrauded sum. The police managed to track Vikas through financial transactions linked to Gupta’s complaint.
Investigators discovered that the scam had been facilitated through an e-KYC verification process, which helped authorities pinpoint the accused’s location. The police are now working diligently to identify and arrest additional individuals involved in the fraud. According to sources, the scam is believed to have been carried out by a larger network of fraudsters.
Further interrogations of the arrested suspect, Vikas, are expected to provide valuable leads in locating the other perpetrators behind the scheme.
