Noida Police arrested Sahab Singh and Neeraj, both residents of Meerut district, on Friday for allegedly assisting a cyber fraud racket that duped a woman of Rs5.6 crore under the pretext of high-return market investments.
The accused acted as mule account holders, providing their bank accounts to cybercriminals in exchange for a commission, said Shavya Goyal, ADCP of the Cybercrime Branch. A third suspect, Charanjeet, has also been identified as a link between the account holders and the main perpetrators.
The victim, Reena Tiwari of Sector 50, Noida, filed an FIR on October 30, stating she was added to a WhatsApp group where fraudsters promised high returns from share market trading. She invested Rs5.6 crore but received only Rs10,500 as a token withdrawal. Transactions were made through multiple verified bank accounts to accounts provided by the fraudsters.
Police noted that Rs65,27,404 was deposited into Singh’s account, which he withdrew and handed over to Neeraj for a commission. The duo has been booked under Sections 318(4) and 319(2) of the Bhartiya Nyaya Sanhita (BNS) and Section 66D of the IT Act. Investigations are ongoing to trace the masterminds behind the scam.
