The Patna Cyber Police arrested 21-year-old Vikas Kumar Vipul, a resident of Danapur, for allegedly defrauding a businessman of approximately Rs 2 crore through a fake stock market investment scam.
The victim filed a complaint on February 5, stating that he had transferred the money over nearly 30 RTGS transactions across one-and-a-half months, lured by promises of high returns.
Investigators said Vikas created fake applications, including “India Bolt Plus”, and posed as a stock market expert on social media. He built credibility by showing fabricated small profits before persuading victims to invest larger sums.
When the victim demanded returns and threatened legal action, Vikas allegedly tried to file a false FIR claiming he had been cheated. However, prior complaints and technical analysis by police revealed mobile numbers, bank accounts, and transaction records linking him as the mastermind. He was arrested at the police station.
Nitish Chandra Dhariya, Cyber Deputy Superintendent of Police, stated that Vikas operated an organized racket using fake investment groups, recruiting accomplices, and circulating fabricated dashboards and screenshots to show fictitious gains. Investigators suspect the involvement of other gang members and have launched further raids.
Vikas has been remanded to judicial custody. Police seized his mobile phone, SIM cards, bank documents, and other digital evidence as part of the investigation.
