Bhopal, March 29 -- The Cyber-crime Branch Bhopal has arrested five individuals from Cooch Behar, West Bengal, and Maharashtra for their involvement in a large-scale stock market investment scam. The accused provided fake bank accounts to a cyber fraud gang that duped victims with false promises of high returns.
According to officials, the fraudsters targeted people by adding them to WhatsApp groups and sending messages promoting stock market investments. They initially returned small amounts to gain trust, encouraging victims to invest more. Once significant sums were deposited, the victims were blocked, and their money was siphoned off.
The case came to light after a complaint was filed by a Bhopal resident, who lost ?1.22 crore between...