Archive · 19 Sep 2025
Delhi Police Arrests Two in Connection to Rs 6 Crore Stock Fraud
The Delhi Police arrested two people who were part of a scam that cheated people out of about 6 crore rupees.
These people helped cybercriminals by letting them use their bank accounts.
The criminals promised high returns in the stock market to trick people into investing.
They used fake trading apps and social media to contact victims.
When people wanted their money back, they were threatened.
The criminals then moved the money through multiple accounts to hide where it came from.
The arrested people received money for providing access to their bank accounts, which were used to launder the stolen funds.
Delhi Police arrested two individuals linked to a Rs 6 crore stock market fraud.
The accused acted as account holders for cyber fraud syndicates.
Investors were lured with promises of high returns and fake schemes.
Funds were laundered through multiple bank accounts, including a Trust account.
The accused received commission for providing account access to the syndicates.
- Who
- Delhi Police, Kulwant Singh, Devender Singh, cybercrime syndicates, investors
- What
- Two arrested for a Rs 6 crore stock market fraud involving fake IPO funding and high-return schemes
- When
- September 19 (arrests)
- Where
- Delhi
- Why
- For involvement in a cyber-enabled financial fraud and money laundering
Victims
Perpetrators
Financial Loss
Victims
Lost approximately Rs 6 crore to fraudulent schemes.
Perpetrators
Gained money from the fraud and laundering of funds.
- Accused Arrested
- Kulwant Singh and Devender Singh
- Victims Cheated Of
- Rs 6 crore
- Modus Operandi
- Fake IPO funding and high-return stock market schemes
- Account Used for Laundering
- Akhil Bhartiya Gareeb Jan Seva Trust (Bank of Baroda)
- Commission
- ₹30,000/month plus 5% per transaction
