Delhi Stock Market Scam: 2 Arrested, ₹3.38 Lakh Stolen from Woman
Image Source: Internet
In a shocking case of cyber fraud, the Delhi Police has arrested two individuals, Amulya Sharma and Garvit Sharma, for allegedly swindling a 42-year-old woman out of ₹3.38 lakh through a stock market scam. A third suspect, Sujal Sabharwal, has been bound down for his involvement in the operation of mule bank accounts. The victim, Ekta Sachdeva, was lured into investing in a lucrative stock market scheme by unknown individuals, promising high returns. After filing a complaint on September 18, the police launched an investigation and discovered that the money was transferred to a mule account, which was then withdrawn using multiple ATMs. Technical surveillance revealed that Amulya Sharma was operating the account shortly before the fraudulent transfer. Further probe revealed over 50 suspicious transactions from the same mule account to other accounts. The accused were part of a racket that specialized in setting up mule accounts and facilitating cyber fraud linked to fake investment schemes. The defrauded money was later used to purchase cryptocurrency. Amulya and Garvit were arrested after raids, while Sujal was questioned for his involvement. Two mobile phones allegedly used in the crime were seized from their possession. Amulya, a BA student pursuing digital marketing, was the key operator of over 50 mule bank accounts used across the country to receive proceeds of cyber frauds and divert them further. Garvit, who studied up to Class 12, allegedly assisted him in handling the accounts. A probe is underway to track the other members of the racket.
