The Delhi Police has arrested Krishna Kumar, a 29-year-old B.Tech graduate from Greater Noida, for allegedly running a sophisticated Rs6.03 crore online investment scam that targeted individuals through social media platforms.
Kumar was apprehended from Kulesara, Greater Noida, following a detailed investigation led by the Delhi Police Crime Branch. According to Deputy Commissioner of Police (Crime) Aditya Gautam, Kumar created a fraudulent online persona, promising high returns on stock market investments.
Victims were lured into joining a Telegram channel called “Plus500 Global CS”, where fabricated trading dashboards, doctored profit screenshots, and pre-scripted chats painted a convincing picture of legitimate profits. One victim reportedly invested ₹6.03 crore in phases, only to be blocked when they attempted to withdraw the money.
The scam relied on anonymity tactics, using virtual phone numbers and false identities. Funds were layered through numerous bank accounts to obscure their origins.
Investigators traced Rs57 lakh to an account held by a shell company named “Priyanka Placement and Loan Services”, which was found to be controlled by Kumar. Further digging revealed that he also ran two cyber cafes that were used to carry out fraudulent operations and mask financial transactions.
Kumar is currently in police custody. Authorities are using advanced forensic tools, device cloning, and financial tracking to identify accomplices and recover assets tied to the scam.
