Sunday | May 25 2025 | 03:18:16 PM
New Delhi, May 12
The Delhi Police arrested two cyber fraudsters who allegedly duped a Delhi resident of Rs 36.48 lakh by luring him into a fake stock and IPO investment scheme.
The two men have been identified as Prashant Jangid, 25, and Pradhyumn Singh Chauhan, 26, both from Jaipur. Prashant Jangid was held from Kharar City in Mohali on May 4, and Pradhyumn Singh Chauhan from New Agra.
The police stated that the duo reportedly duped a resident of Palam Village of over Rs 36 lakh during October and November 2023. The complainant, Samuel Thomas, was added to What's App group claiming on stock market investment tips by one Arjun Kapoor. He was later lured to download mobile apps such as Desert Eagle Trading Company, Dhan Securities, Angle Trading Company, and SMCLE Trading Company.
The officials added that he was initially able to withdraw small amounts of money, he was convinced that the investment group was legitimate. The app also showed that he had accumulated a lot of funds after investing. However, when Thomas tried to withdraw the money, he discovered he could no longer access his funds and lost Rs 36.48 lakh through multiple transactions for supposed investments.
The police traced the accused to Chidawa in Rajasthan. The police conducted further probe and found that there was a nexus wherein shell companies were found to be registered to get mule current accounts opened, in which the cheated amount is siphoned off. A current bank account of Indusland Bank in the name of P K Enterprise is registered at Chidawa, and the account holder was absconding.
DCP (Southwest) Surendra Chaudhary stated that both the accused persons arranged current bank accounts of shell companies/proprietorship. 10-15 such shell companies and 25 such mule bank accounts have been traced to them. The accused were handling the bank account of PK Enterprise through which around Rs 6 crore were siphoned off.
