Punjab: Inter-state gang involved in investment fraud of Rs 8 crore busted, 2 held
Chandigarh, June 17 -- Punjab Police's State Cyber Crime Division has busted an inter-state
gang allegedly involved in investment fraud with the arrest of two people from Panchkula and Abohar,
said DGP Punjab Gaurav Yadav here on Tuesday.
The modus operandi used by this gang was to lure innocent persons into their trap by offering high profits in stock market investment through Telegram and WhatsApp groups.
The fraudsters used to convince victims to install a fake APK application, which projected a huge return on his invested money. After seeing huge profit on the fake application, the victim continued to invest money in different bank accounts as directed by the fraudsters.
Those arrested have been identified as Varun Kumar, arrested f...
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