Three more suspects have been arrested in connection with a high-value online investment fraud case reported in June, in which a resident of Noida Sector 27 was duped of Rs3.26 crore through a fake stock market investment scheme, Cyber Crime Police said on Thursday.
With these latest arrests, the total number of accused apprehended in the case has risen to 12.
Who Are the Accused?
The newly arrested individuals have been identified as:
Sunny Kumar (22) – Resident of Sarojini Nagar, Lucknow
Durgesh Kumar (23) – Resident of Banthra, Lucknow
Vikas Kumar (27) – Resident of Soharamau, Unnao
According to Additional DCP (Central Noida) Shavya Goyal, the trio received fraud-related funds into their bank accounts and took undue advantage of the money transferred by the victim.
How the Fraud Was Executed
The fraud unfolded after the Noida complainant was contacted by individuals posing as employees of a reputed investment firm. They lured him with promises of massive returns through stock market investments. Believing the scam, the victim transferred a total of Rs3.26 crore.
A case was registered on June 12, and an investigation was launched. Several bank accounts were promptly frozen to prevent further misuse of the funds.
