Dellhi Police busted cyber fraud racket, two arrested for Rs 22.7 lakh scam
Delhi Police have uncovered a cyber fraud racket that used a fake stock trading application to cheat unsuspecting investors. The police have also arrested two men from Haryana in a case involving a 22.7 lakh loss.
The fraud came to light after a woman doctor from East Delhi reported that she was duped through what appeared to be a legitimate stock market discussion group. Police said the accused created a convincing digital setup, complete with a mobile app that displayed false gains, before cutting off all contact once the money was transferred.
Deputy Commissioner of Police (Shahdara) Prashant Gautam said the complaint was filed by Dr Amita Garg on November 13 through an online portal. “She was added to a group called ‘Stan Chart Dialogue Forum L7’, where several members posed as market experts and discussed share trading through D-mat accounts,” he said. According to investigators, one of the group administrators, who used the name Yalini Guna, persuaded the complainant to invest using a mobile application named ‘SCIIHNW’.
The app was shared through a private download link, giving the impression that it was an exclusive and professional platform. To build trust, the victim was first encouraged to invest smaller amounts. Dr Garg initially transferred about 2.7 lakh in several transactions. The app showed steady profits, which prompted her to continue investing. When she later tried to withdraw the money, she was told that further deposits were required to complete formalities and unlock returns. “Each time she asked for withdrawal, new reasons were given to extract more money,” a police officer said.
Over time, the total amount transferred reached 22.70 lakh. Soon after that, her access to the application was blocked, and she was removed from the WhatsApp group. Following the complaint, an e-FIR was registered under Sections 318(4) (cheating) and 340 (using forged electronic records as genuine) of the Bharatiya Nyaya Sanhita.
The case was taken up for detailed financial and technical investigation. Using data from the National Cybercrime Reporting Portal, police traced part of the cheated money to a bank account belonging to Sameer.
