The Cyber Crime Police Station has arrested three accused in a Rs48.5 lakh cyber fraud case involving a fake stock trading app and fraudulent account creation. The case was registered on May 21 after Gurmukh Singh, a 62-year-old resident of Shiv Colony, Pinjore, filed a complaint.
Singh reported that on February 13, he encountered a stock market trading advertisement on YouTube. Clicking the link added him to a WhatsApp group where he was lured with promises of high returns. Members persuaded him to open a trading account via a fake app, leading him to transfer Rs48.5 lakh, believing it to be a profitable investment.
The first accused, Suresh Kumar Verma, originally from Ganganagar, Rajasthan, and currently residing in Zirakpur, Punjab, was arrested and remanded to police custody for eight days before being sent to judicial custody on August 18.
Following leads from Verma, police arrested two more suspects: Ritesh Kumar and Pravesh Kumar.
Police are now working to recover the scammed funds and identify other members of the cyber fraud syndicate. DCP Crime Manpreet Singh Sudan emphasized that such cyber fraud gangs operate in a highly organized manner, targeting unsuspecting individuals with promises of easy money.
