Delhi cyber crime police have arrested Prashant Jangid (25) and Pradhyumn Singh Chauhan (26) from Jaipur, Rajasthan, for allegedly orchestrating a Rs36.48 lakh investment scam targeting a Delhi resident.
The victim, Samuel Thomas, reported the fraud in November 2023 after being lured into a messaging group promoting what appeared to be legitimate IPO and stock trading opportunities.
Initially, Thomas was allowed to make small withdrawals, creating a false sense of security. However, once he made larger investments, access to his funds was blocked. The investigation revealed that the accused used a complex network of mule bank accounts and shell companies to launder the defrauded money.
Raids conducted in Mohali (Punjab) and Agra (Uttar Pradesh) led to the seizure of digital devices used in the scam. Both suspects reportedly confessed during interrogation, and authorities are now working to trace the wider network involved.
This case highlights the growing sophistication of cyber investment scams and serves as a warning to investors to verify sources before transferring funds online.
