Dholpur (Rajasthan): Police in Dholpur have arrested a 23-year-old man from Noida for his alleged role in a cyber fraud racket that duped investors of nearly Rs28 crore through fake stock market schemes.
The accused, Sagar Chaudhary, a resident of Aligarh in Uttar Pradesh, was apprehended following an extensive investigation into fraudulent investment websites promising unrealistic returns.
According to police, Chaudhary was part of a gang that created and managed fake trading platforms. The group lured victims by sharing manipulated screenshots on WhatsApp and Telegram, showing double or triple returns on investments. Once the victims transferred their money, the gang deactivated accounts or shut down the websites, cutting off all communication.
Circle Officer Munesh Kumar Meena of Dholpur City said the case was registered after a complaint filed on September 12 last year by a victim who lost Rs22 lakh. Investigations later linked Chaudhary to similar complaints across multiple states, revealing a total fraud amount of nearly Rs28 crore.
During a raid in Noida, police seized 8 mobile phones, 33 ATM cards, 6 chequebooks, 17 bank passbooks, a transaction diary, and a cash counting machine from the accused. Authorities are continuing efforts to trace and apprehend other members of the gang.
