Fake trading app: Delhi Police registers case against scammers duping investors of Rs 53 lakhs

New Delhi: Delhi Police have registered a case against unknown scammers, who created a pretend trading app masquerading as HDFC Securities, duping investors of Rs 53,45,000. According to the FIR filed by Rakesh Kumar, the scammers asked customers to deposit funds into kind of a number of accounts for international trading, showcasing dummy profits and inspiring them to make use of for IPOs. When customers tried to withdraw their funds, the scammers demanded additional payments. The case has been registered under sections 318/61(2) of Bharatiya Nyaya Sanhita (BNS) on the Special Cell, Lodhi Colony, Delhi.

Further investigations are underway.

Earlier, the Directorate of Enforcement (ED) arrested four people from Pallipattu, Tamil Nadu, in a case related to cyber fraud of Rs 2.6 crore by a fraudster posing as a CBI officer. The accused were identified as Tamilarasan Kuppan (29), Prakash (26), Aravindan I (23) and Ajith (28) and the arrest used to be made on September Thirteen. According to ED, all four accused were concerned about incorporation of shell companies and opening of bank accounts, by which Proceeds of Crime (PoC) generated from cyber scam were laundered.

The Special Court, Bengaluru, has granted ED custody of 4 days to these four accused persons. Further, ED has frozen PoC of Rs 2.eight crore in the checking account of a shell company, Cyberforest Technology Private Limited. ED initiated an investigation on the foundation of a few FIRs registered by kind of a number of state police all around the U.S. of a, including FIR No. 330 dated September Three, registered by the Special Offences and Cyber Crime Police, Jaipur.

The victim in the FIR No. 330 received a call from a mobile number wherein a person used to be claiming to be calling from Bombay Custom Office. Within the course of the decision, it used to be communicated to the victim that illegal goods were being sent in a foreign country under the victim’s name. Then the victim used to be instructed to make a ‘fund legalisation’ payment as a security to make it you can for no money had been illegally earned by the victim. An entire amount of Rs. 2.Sixteen crore (approx.) used to be asked to be transferred by the fraudsters in three separate installments into three different accounts provided by the caller, under the guise of ‘fund legalisation’.