In a significant development, the Cyber Crime Police Station in Panchkula has arrested three more individuals involved in a Rs1.61 crore cyber fraud scheme disguised as a stock market investment opportunity. This brings the total arrests in the case to five.
The operation was led by Sub-Inspector Yudhveer Singh, based on compelling digital evidence including bank account trails, WhatsApp chats, and other electronic records.
The case originated from a complaint filed by Ajay Gill, an academy owner from Panchkula. On April 1, Gill received a Facebook link that led him to a WhatsApp group promising high returns on stock market investments. Over time, Gill and his wife were duped out of Rs1.61 crore. Their Aadhaar details were also misused during the scam.
January 2025: Kushdeep from Lakhimpur Kheri, Uttar Pradesh, was the first arrested. Police recovered Rs90,000 and a mobile phone used in the crime.
May 2025: Rajat Gupta, an associate of Kushdeep, was apprehended.
July 10, 2025: Three more accused—Sumit and Manjeet from Sisrana village, and Pradeep from Thanakalan, Sonipat—were arrested.
Sumit and Manjeet were sent to judicial custody
Pradeep was remanded to three days police custody for further investigation
The case is still unfolding as investigators dig deeper into the digital scam network that exploited social media and fake trading platforms to defraud victims.