Archive · 24 Jul 2025
Indore Police Arrest Two for ₹52 Lakh Share Market Scam
Someone was tricked into putting money into the stock market by people pretending to be investment experts.
They got added to a social media group where they were promised big returns.
Believing these promises, they sent ₹52.15 lakh to various bank accounts controlled by the scammers.
The police found out the money went into accounts belonging to people in Sehore, and they arrested two people.
The arrested individuals gave their bank details to others in exchange for a cut of the money.
Some fake documents were found too, and the police are still looking for more people involved.
Two individuals were arrested in Sehore for a share market investment scam.
The accused are alleged to have defrauded a person of ₹52.15 lakh.
The victim was added to a social media group under the pretense of share market investment.
Funds were transferred to different bank accounts controlled by the accused.
Forged documents were seized during the investigation.
- Who
- Two persons from Sehore were arrested, and one accomplice is being searched.
- What
- Two individuals were arrested for a share market investment scam.
- When
- Details not provided.
- Where
- Indore and Sehore district in Madhya Pradesh.
- Why
- To defraud a person of ₹52.15 lakh under the pretext of share market investment.
- Victim
- Shivdatt Tiwari
- Amount Defrauded
- ₹52.15 lakh
- Location of Arrests
- Sehore district
- Involved Company (Claimed)
- JAINAM Broking Limited
- Accused 1
- Devendra Kumar Parmar
- Accused 2
- Jitendra Parmar