Chandigarh, June 18 -- The cyber crime division of Punjab Police busted an inter-state investment fraud syndicate, arresting two key members from Panchkula and Abohar, said director general of police (DGP) Gaurav Yadav detailing the arrests and the ongoing investigation into the scam, which is estimated to have defrauded victims of over Rs.8 crore across 14 states. The suspects, identified as Varun Kumar from Panchkula and Sahil Sethi from Abohar, were allegedly part of a larger network that lured victims by promising high returns on stock market investments through Telegram and WhatsApp. According to the police, the gang's modus operandi involved convincing victims to install a fraudulent APK application that falsely projected large returns on their investments. Once victims saw the fake profits, they were encouraged to transfer additional funds into various bank accounts controlled by the fraudsters. Investigations revealed that Varun Kumar had rented his bank account to Sahil Sethi, who then supplied these "mule accounts" to the fraudsters, primarily in the Delhi-NCR region. The money was funnelled through these accounts, with the accused receiving commissions based on the fraudulent sums transferred. "The arrested suspects were involved in at least 34 cyber fraud cases across 14 states, with a total scam amount exceeding Rs.8 crore," said DGP Gaurav Yadav. The breakthrough came after a victim filed a complaint, reporting the loss of Rs.15 lakh in the scam. "Further investigation is underway," said ADGP cyber crime, V Neeraja. A case has been registered under the BNS.htc...