New Delhi, May 20 -- The Cyber Cell of the Delhi Police has arrested a mastermind behind a widespread online investment scam that defrauded victims of approximately 48 lakh rupees under the guise of the "Aditya Birla Group Investment Group."
The police were informed about the fraud through a complaint registered at the Cyber Police Station Outer North.
The accused has been identified as Jitendra Sharma (29) resident of Vangaon, Palghar, Maharashtra.
According to the police, the arrest follows a detailed investigation into a fake trading app that posed as part of the "Aditya Birla Group Investment Group," luring unsuspecting investors via Instagram and WhatsApp.
The case began when Vinay Singhal filed a complaint after being duped into transferring money to multiple bank accounts, enticed by promises of high returns shown on a counterfeit trading platform.
An FIR under Section 318(4) BNS was registered on March 17. Investigators soon identified three interlinked complaints with similar patterns of deception.
On May 16, a raid was conducted in Vangaon, Palghar district, Maharashtra by a team led by Inspector Govind Singh and supervised by ACP Dinesh Kumar and Addl. DCP Nirav Patel. The team seized key evidence, including phones, a laptop, debit cards, pendrives, cheque books, a bank passbook, and Rs 80,000 in cash. Accused Sharma, previously arrested for cyber fraud, is linked to 46 NCRP complaints.
Published by HT Digital Content Services with permission from Millennium Post.