India, Oct. 9 -- Delhi Police has arrested five people in connection with a large-scale social media investment fraud racket, uncovering a sophisticated network involving fake companies, mule accounts and active collusion of bank employees. The accused identified as Rahul Kumar (32), Ajay Sharma (32), Sonu Kumar (36), Kunal Sagar (28) and Mohit Dadhich (27) who allegedly lured investors through social media messaging application channels, promising high returns on fake investment schemes.
Searches at multiple locations led to a massive recovery: 14 SIM cards, 4 mobile phones, 2 laptops, 17 company seals, 11 debit cards, and several forged PAN and Aadhaar cards. Police also seized digital evidence, including Telegram chat logs, screenshots,...