2 ‘share market brokers’ dupe Delhi man of Rs 32 lakh, arrested | Delhi News
The Delhi Police have arrested two online fraudsters who allegedly duped a man of Rs 32 lakh on the pretext of making him invest in the stock market, promising huge returns, the police said in a statement on Wednesday.
According to the complaint lodged by the victim, Arvind Sood, a resident of south west Delhi, he ended up losing over Rs 32 lakh through various transactions last October after he fell into the trap of the arrested men – Dharmik Modi, 29, and his accomplice Arunji Thakur, 22.
Police said the two men were part of a large network of investment fraud.
Upon preliminary investigation, the Cyber Crime wing of the police department found that the fraudulent transactions were conducted through UPI, with sums – ranging from Rs 20,000 to Rs 7.6 lakh – routed to different bank accounts.
Explaining the modus operandi, a senior police officer said the fraudsters in a bid to make their victims feel secure in ‘share market investments’, would send back some money as profits. “But if the ‘investors’ express their desire to withdraw the amount, the scammers would convince them to invest more money instead of withdrawing so as to make more profits,” he said.
In Sood’s case, the police said, the conmen convinced him to send them Rs 5 lakh to invest in the stock market so that he would earn crores of rupees in a short span.
Sood, in his complaint, detailed how he was redirected to various ‘share market brokers’, including the two men. “All of them would make similar promises to Sood about helping him to make a quick buck and increase his wealth. At one point, he also received around Rs 4 lakh as profit, before being redirected to more “experts” who made further offers of attractive returns,” said an officer.
The police traced Dharmik Modi to Gujarat through analysis of call record details and technical surveillance. His arrest and interrogation led to the arrest of Arunji Thakur. During interrogation Modi revealed that he collaborated with his accomplice to receive the funds in exchange for a commission, investigators said.
The police have registered a case for cheating against the two men.
© The Indian Express Pvt Ltd
First uploaded on: 09-05-2024 at 12:14 IST
