Two men from Gujarat were arrested by the Delhi Police Cyber Crime Unit for allegedly duping a Delhi resident of over Rs11.2 lakh through a fake online trading platform that promised high returns.
The accused, identified as Jabir Husen (38) and Maaz Arodiya (30), both residents of Sabarkantha district, Gujarat, were arrested following a technical investigation, according to Deputy Commissioner of Police (Outernorth) Hareshwar Swami.
Police seized:
Two mobile phones
Two debit cards
One bank passbook
One cheque book
How the Scam Worked
The case originated from a complaint filed on May 13 via the National Cybercrime Reporting Portal. The victim stated he was lured into investing in a fraudulent stock trading app named “Blinkxmax”. The app was promoted through Facebook groups showing fake profit screenshots claiming daily returns of 5–10%.
Once the victim deposited money, it was diverted to multiple accounts controlled by associates in Gujarat and Maharashtra, using a method known as layering to obscure the trail.
Police said the accused had developed fake trading apps and promoted them via social media to trap investors. Further analysis revealed that the same suspects and bank accounts were connected to at least three similar cases, pointing to a larger interstate cyber fraud network.
A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS), and further investigation is ongoing to trace other members of the syndicate.
