Archive · 23 Jul 2025
Delhi Police Arrests Cyber Fraud Mastermind in ₹40-Lakh IPO Scam
A man named Vishnu Kant Sharma was arrested by Delhi Police for tricking people in a cyber scam.
He promised people they could buy stocks (IPOs) at cheaper prices.
He used a fake website to get people to send him money, scamming them out of about ₹40 lakh.
Sharma then changed the money into cryptocurrency and sold it.
He got the bank accounts he used for the scam from other people, paying them a fee.
Delhi Police arrested a 24-year-old man in connection with a cyber fraud case.
The accused, Vishnu Kant Sharma, is from Rajasthan and is accused of duping people.
Victims were promised IPO allocations at discounted rates through a fake website.
Sharma operated a syndicate that defrauded victims of approximately ₹40 lakh.
The defrauded money was converted into cryptocurrency and sold by the accused.
- Who
- Vishnu Kant Sharma, a 24-year-old from Rajasthan, was arrested.
- What
- Delhi Police arrested a cyber fraud mastermind for an IPO scam.
- When
- The arrest was made recently after an investigation.
- Where
- The arrest took place in Sanganer, Jaipur. The crime occurred through online means.
- Why
- Sharma was running a cyber fraud operation that promised people discounted IPOs to steal their money.
- Accused
- Vishnu Kant Sharma
- Age
- 24
- Location of Arrest
- Sanganer, Jaipur
- Location of Origin
- Rajasthan
- Scam Amount
- ₹40 lakh
- Modus Operandi
- Promising discounted IPOs via fake website
- Previous Occupation
- Furniture business