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The Delhi Police Crime Branch arrested two men implicated in a multi-crore stock market scam. The accused allegedly provided their bank accounts to interstate cyber syndicates, enabling the diversion and laundering of funds through several channels, police said on Friday.
The cyber syndicates lured investors with false promises of Initial Public Offering (IPO) funding and high-return stock market investments, defrauding victims of nearly Rs6.40 crore.
The arrested individuals are:
Mohd Asim Ali Khan from Nainital, Uttarakhand
Rushikesh Jaywant Kamble from Pune, Maharashtra
Police continue to investigate the cyber syndicate’s wider network and work to identify and apprehend other involved individuals.
