New Delhi, May 13 -- The Delhi Police has busted a racket running a fake trading app and arrested four people, including two private bank employees, for allegedly facilitating fraud worth lakhs through forged documents and shell companies.
The arrested accused has been identified as Aman Kumar, Rahul Tyagi, Ankit Nagar and Abhishek Singh.
Police have recovered four mobile phones, 11 cheque books and three PAN cards from their possession.
The action follows a complaint filed by a Patel Nagar resident who alleged he was duped of '16.70 lakh after being lured into investing the amount via a fraudulent trading application promoted through a social media advertisement, they said.
According to police, the complainant clicked on the advertisem...