NEW DELHI, May 17 -- With the arrest of two people, the Delhi Police's special cell on Wednesday busted a 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.
The accused have been identified as Vaddoriya Kewin Mukeshbhai, 25, a BBA student from Gujarat's Surat and Abdul Barik, 32, from Roorkee.
"Six mobile phones loaded with Chinese applications and online wallets were recovered from their possession. The accused received their commission in cryptocurrency," Tiwari said. htc
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