Noida Cyber Police have arrested three members of a gang involved in a Rs3.26 crore cyber fraud case in which a businessman was duped by false promises of high stock market returns.
The accused — Puneet, Himanshu, and Vijay Chaudhary — were apprehended near Noida Stadium. Police investigations revealed that Puneet had rented his bank account to Himanshu, which was used to transfer around Rs30 lakh in fraudulent transactions.
Subsequently, Vijay Chaudhary took control of the same bank account and used it extensively for cyber fraud activities. Overall, the account saw transactions totaling nearly Rs1 crore.
Additional Deputy Commissioner of Police (ADCP) Manisha Singh confirmed the arrests, stating, “Our investigation is ongoing, and we are committed to bringing all involved to justice.”
The gang’s modus operandi involved promising the victim five times the profit through stock market investments. Once the victim transferred the money, the criminals laundered it through multiple bank accounts to evade detection.
Experts warn that this case exemplifies the growing sophistication of cyber scams targeting investors through fake promises of high returns. Authorities urge the public to verify all investment offers through legitimate channels before investing.
The Noida Cyber Police are currently tracking the flow of money and analyzing digital evidence to dismantle the entire fraud network. They are also working with financial institutions to freeze accounts linked to the suspects.
More details are expected to emerge as the investigation progresses, potentially exposing the broader network behind this large-scale scam.
