Ludhiana, June 5 -- The Khanna cyber police have busted an online foreign exchange trading fraud involving Rs.3.73 crore, arresting three individuals, including an employee of IDFC Bank. The arrested suspects have been identified as Samaksh Bhatt, the bank employee, Baldev Singh, both residents of Chandigarh, and Gurjant Singh, a resident of village Salana in Fatehgarh Sahib district.

The fraud, which targeted a 57-year-old farmer from Krishna Puri, Machhiwara, came to light after the victim, Sanjeev Pandhi, filed a complaint with the cyber police station. Police revealed that Pandhi was initially contacted on the messaging platform Telegram by a woman posing as an investment advisor. She lured him with promises of high returns through f...