Archive · 17 Jun 2025
Punjab Police Busts ₹8-Crore Investment Fraud, Arrests Two
Police caught some people running a fake investment scheme that stole 8 crore rupees.
They used apps like Telegram and WhatsApp to trick people into investing in the stock market, promising big money.
They made victims download a fake app to show fake gains.
People put money in fake bank accounts.
The scammers made money by getting a cut.
This group is linked to other scams and has stolen a lot of money.
Punjab Police arrested two individuals in connection with an ₹8-crore inter-state investment fraud.
The fraudsters used Telegram and WhatsApp to lure victims into fake stock market schemes.
Victims were persuaded to download a counterfeit APK app displaying fake profits.
The arrested individuals received commissions based on money transferred into mule accounts.
The investigation revealed links to at least 34 cyber fraud cases across 14 states.
- Who
- Punjab Police and two individuals involved in the fraud.
- What
- An ₹8-crore inter-state investment fraud.
- When
- Recent, with ongoing investigation.
- Where
- Punjab and multiple states across India.
- Why
- To defraud people through fake investment schemes.
- Arrests
- Two
- Total Scam Amount
- ₹8 crore
- Modus Operandi
- Fake APK app for stock investments
- Platforms Used
- Telegram and WhatsApp
- States Involved
- 14
- Charges Filed Under
- Sections 318(4) and 61(2) of the Bharatiya Nyaya Sanhita (BNS), and Sections 66(C) and 66(D) of the Information Technology Act
Sources
Chandigarh: Online fraud involving fake vehicle auction ads busted, three arrested from Mumbai
Faridabad senior citizen duped of Rs 25 lakh in IPO cyber fraud, 3 held
Delhi Police arrests six for duping man of Rs 10 lakh in cryptocurrency scam
Delhi Police bust cryptocurrency syndicate with the arrest of six fraudsters
Punjab Police arrests two members of inter-state cyber fraud gang
