In the bustling city of Indore, a security guard from Karimnagar, Anantullah Shankar, has been arrested for his alleged involvement in an online investment fraud. The scam targeted local resident Alok Bhargava, who was duped out of Rs 8 lakh through a counterfeit stock trading application.
The crime branch’s investigation revealed that Bhargava was lured into the scheme via a WhatsApp group offering ‘expert’ market tips. The group eventually convinced him to download a fraudulent app, disguised as a platform from a reputable investment firm. After Bhargava invested his money, the scammers abruptly vanished, leaving him unable to withdraw any profits.
Investigators discovered that the stolen funds were routed to a bank account in Telangana, belonging to Anantullah Shankar. A search of Shankar’s accounts revealed transactions totaling Rs 3.5 lakh, suspected to be proceeds from multiple cyber frauds. The linked bank accounts have been frozen, and Shankar is currently under interrogation.
Meanwhile, in another development, the crime branch has arrested Paramdeep Singh for his role in defrauding several retired officers and employees of substantial sums of money. Singh, along with his accomplice Mamta Tanwar, posed as bank officials to gain the trust of senior citizens, promising them lucrative insurance policies. The victims reported that they were coerced into paying substantial sums for policies that were never issued. Instead of receiving official documents, the applicants found their money stolen.
Following complaints about these fraudulent activities, a fraud investigation team tracked down Singh. Police seized mobile phones, bank passbooks, and forged documents from his possession.
As the digital world continues to expand, cases of online fraud are becoming increasingly prevalent. It is essential for individuals to remain vigilant and cautious when dealing with financial transactions over the internet.
