Pramod Bajaj, an investor, has reported a significant loss of Rs 22 lakh in a fraudulent share trading scheme. The scam involved the manipulation of financial transactions, and after a detailed investigation, three individuals were arrested in connection with the crime.
The arrested suspects include Mehul Prajapati (21) from Indore, and Vasu Manik (20) and Lupesh Sahu (19) from Raipur. According to police reports, the trio used fraudulent bank accounts to facilitate the transfer and withdrawal of stolen funds. They also used the illicitly acquired money to purchase high-end mobile phones, which have since been confiscated as part of the ongoing investigation.
All seven individuals implicated in the scam have been remanded to judicial custody, with further investigations being carried out by the police. The cybercrime unit is actively pursuing additional leads and examining the role of other possible accomplices involved in this elaborate financial fraud.
This case highlights the growing risks associated with fraudulent share trading schemes and the abuse of fake banking systems to launder stolen funds. Authorities are working to bring all involved parties to justice and prevent further incidents of this nature.