Fake Trading App Scam: Delhi doctor loses Rs 22.7 lakh, 2 arrested

New Delhi: In a shocking cyber fraud case, a female doctor from Delhi reportedly lost Rs 22.7 lakh to a fake stock market investment scheme, after being lured with the promise of high returns.

The fraudsters who defrauded the doctor were part of a cyber fraud syndicate that operated through a fraudulent stock trading application. The Delhi Police have apprehended two men from Haryana in connection with the case.

The probe began following a complaint lodged by the doctor on November 13. The complainant alleged that she was added to a messaging app group 'Stan Chart Dialogue Forum L7', where administrators shared advice on D-mat share investments.

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DCP (Shahdara) Prashant Gautam told PTI that one of the group admins, identifying herself as Yalini Guna, persuaded the victim to invest via a mobile application and shared a download link.

The complainant initially invested around Rs 2.7 lakh through multiple transactions. While the application appeared to show profits, the victim was pressured to invest further sums when she attempted to withdraw her money. In total, she transferred Rs 22.70 lakh before being blocked from the app, police said.

An e-FIR was filed under sections 318(4) (cheating) and 340 (forged document or electronic record and using it as genuine) of the Bharatiya Nyaya Sanhita.

During the investigation, police traced the money trail through the NCRP portal and identified a bank account belonging to Sameer, a resident of Hisar. Analysis of call detail records further linked other suspect numbers to the crime, he said.

On November 10, the police team conducted raids in Hisar and apprehended Sameer (22) and Dev Singh (22).

Speaking to TOI, DCP Gautam said, "During interrogation, Sameer disclosed that he opened 5 to 6 bank accounts in different banks and handed them over to Dev Singh in exchange for Rs 4,000 per account, which were then used for routing the fraud money."

Two mobile phones and three SIM cards were seized from them. Both men have been produced before a court and sent to judicial custody, they added.

Police stated that the accused followed a standard modus operandi, contacting victims on social media with promises of high returns. Fraudsters build trust by showing fake profits before siphoning off larger investments.

Further investigation is underway to identify other members of the syndicate and trace the remaining proceeds of crime, they said.

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