STOCK TRADING SCAM BUSTED: SHAHDARA DISTRICT’s CYBER POLICE STATION NABS TWO FROM GORAKHPUR, ?8.15 LAKH CHEATING CASE CRACKED, ?10 CRORE FRAUD TRAIL EXPOSED

Mahesh Dhoundiyal - Delhi
INFORMATION/COMPLAINT :  A case FIR No. 29/25 Dt. 02.04.25 u/s 318(4) BNS PS Cyber Shahdara, Delhi was registered on the statement of Sachin Kumar Tomar S/o Rajpal Tomar R/o Shivaji Park, Shahdara, Delhi alleged that he came into contact with a girl namely Sakshi Yadav on whatsapp. During their discussions, she persistently persuaded him to open a trading account and sent him a link of trading platform. Afterthat she added me in an another whatsapp group namely eToro Analytical Team & Time is money. She told me that in this groupis being operated by , her uncle and one another person Rakesh. On this pretext, the complainant started deposited amount of total Sum of Rs. 8,15,000/Rs in the bank accounts provided on that whatsapp group by Sakshi and her associates. Afterthat when the complainant tried to withdraw his profits from the trading platform, all transaction failed. Then he realized that he had been deceived by these fraudsters. The complainant immediately lodged the complaint on NCRP portal and the aforementioned FIR was registered on the complaint of Mr. Sachin Kumar Tomar.

TEAM CONSTITUTED: To work out the case, a team comprising of SI Shweta Sharma, ASI Rajdeep, HC Javed, HC Harender & Const. Ranjeet was constituted led by SHO/PS Cyber Sh. Vijay Kumar under the supervision of ACP/Ops Sh. Gurdev Singh.

Investigation:- Dedicated team of PS Cyber analyzed the details of alleged bank accounts. During the investigation, it was revealed that the amount of 5,75,000/ Rs. was credited into one alleged Canera bank account, that belongs to Andhra Pradesh. As per money trail, it was found that the whole amount had been credited to the Axis Bank account. As per the bank reply, it was revealed that the beneficiary of the said Axis bank account is Shashi Pratap Singh and his father Ramashankar Singh R/o Gorakhpur, UP.  After a lot of efforts, the actual details of Shashi Pratap Singh was found, where he & his father met. The notice u/s 35.3 BNS was served to co accused Ramashankar Singh, father of accused Shashi Pratap Singh. The co accused Ramashankar disclosed that he is the joint holder of the said axis bank account namely SRG TREE, Pvt Ltd with his son Shashi Pratap. He further disclosed that his son was the one who operated the said account, he was having no knowledge about the transactions. After detailed interrogation with the accused Shashi Pratap Singh, he was arrested in the aforementioned case. From his possession, one mobile phone of Samsung alongwith registered SIM in alleged axis bank account, 02 stamps & 02 pamphlet card of SRG TREE were recovered. The accused Shashi Pratap Singh disclosed that one boy namely Nihal Pandey had taken him to Nepal by flight, where in a Hotel they stayed with 3 more boys. The accused Nihal Pandey was also arrested from Gorakhpur. From his possession, one chequebook of alleged axis bank account (in which the cheated money of Rs. 5,75,000/ was credited) was recovered alongwith 02 mobile phones & 3 SIM card. The accused Nihal disclosed that one person namely X demanded bank accounts from Nihal. So that he took Shashi Pratap to Nepal alongwith him. Where Nihal used to take the SIM card of Shashi Pratap Singh and handed over to X. The accused Nihal promised with the accused Shashi to pay 1.5 percent of all transactions. They all stayed there for approx. 15 days. The total transactions of 1 month were approx.  10 Crores 40 lac 94 thousand.  One another person Y paid 8 to 10 Lacs Rupees to accused Shashi Pratap in cash. Accused Nihal got his commission also. The total involvement of the said alleged axis bank account is about 105.

1. The both accused produced before the Hon’ble Court and obtained one day PC remand of both. Further investigation is in process. After analyzing the account details and continuous dedicated efforts, the team finally succeeded to arrest 2 accused persons namely 1- Shashi Pratap Singh @ Sonu S/O Sh. Ramashankar Singh R/O Vill- Sarriya, PS Sehjanwa, Distt Gorakhpur, UP. AGE-28 YRS. 2. Nihal Pandey S/O Lt. Sh. Dhruv Nath Pandey R/O Vill- Sarriya, PS Sehjanwa, Distt Gorakhpur, UP. AGE-27 YRS.

 

Modus Operandi- During the course of interrogation, it was revealed that the fraudsters approaches victim through social media, whatsapp or telegram claiming to be expert traders or financial advisors. They promise guaranteed high returns from stock market investment. Initially they ask the victim to invest a small amount and show fake profits or even returns some money to build trust. Once trust is established, victims are persuaded to invest larger sums to earn more profit. After significant investment, the victim may be shown huge losses or may be told that the account is frozen due to tax or compliance issues. When the fraudsters extract maximum money, they stop responding or block the victim. For this they required a lot of bank accounts. So that they lured peoples for money to open/handover the access of bank accounts to them.

RECOVERY:-

1- 03 Mobile phones.

2- 04 sim card

3- 02 Stamps

4- 02 Pamphlet Card

5- 01 Cheque Book

 

Profile of accused persons:

 

1. Shashi Pratap Singh @ Sonu R/O Vill- Sarriya, Distt Gorakhpur, UP. AGE-28 YRS. Education- B.B.A.

 

2. Nihal Pandey  R/O PS Sehjanwa, Distt Gorakhpur, UP. AGE-27 YRS. Education- M.C.A.