India, May 17 -- With the arrest of two people, the Delhi Police's special cell on Wednesday busted a multi-layered stock market scam allegedly run by an international syndicate. The two arrested accused had been facilitating mule bank accounts used to launder over Rs.64 lakh siphoned off from an investor under the pretext of stock market trading and IPO investments, police said on Friday.

Deputy commissioner of police of the intelligence fusion and strategic operations (IFSO) unit, Hemant Tiwari, said that the complainant, Ashok Kumar, alleged that some miscreants tricked him into transferring Rs.64.75 lakh to five different bank accounts via a demat platform, allegedly fake.

The accused have been identified as Vaddoriya Kewin Mukeshbh...