The Delhi Police has busted a pan-India stock market investment fraud that allegedly duped victims of crores through fake companies and fabricated trading platforms, an official said on Monday.
Three people, including Sunil Kumar, the director of a shell firm and a resident of Fatehabad, Agra, and Vishal Choure and his wife, both residents of Thane, Maharashtra, allegedly linked to another bogus entity, have been arrested, they said.
Police said the arrests were made during coordinated raids conducted in Ballabgarh (Haryana) and Thane (Maharashtra), leading to the unravelling of a multi-layered racket operating under the guise of GTR Electronics Pvt. Ltd. and Udyam Women Empowerment Foundation.
The syndicate allegedly ran online financial traps, fake pre-IPO schemes and fraudulent forex trading platforms, cheating people across several states.
The investigation began with a complaint from a man who lost Rs 1.6 crore after being lured by a woman he had met through social media, whoThe Delhi Police has busted a pan-India stock market investment fraud that allegedly duped victims of crores through fake companies and fabricated trading platforms, an official said on Monday.
Three people, including Sunil Kumar, the director of a shell firm and a resident of Fatehabad, Agra, and Vishal Choure and his wife, both residents of Thane, Maharashtra, allegedly linked to another bogus entity, have been arrested, they said.
Police said the arrests were made during coordinated raids conducted in Ballabgarh (Haryana) and Thane (Maharashtra), leading to the unravelling of a multi-layered racket operating under the guise of GTR Electronics Pvt. Ltd. and Udyam Women Empowerment Foundation.
The syndicate allegedly ran online financial traps, fake pre-IPO schemes and fraudulent forex trading platforms, cheating people across several states.
The investigation began with a complaint from a man who lost Rs 1.6 crore after being lured by a woman he had met through social media, who Latest News [ SOBAN NEWS: International and National ]
