New Delhi, Aug 31 (IANS) The Delhi Police’s Cyber Police Station in North-West District has busted a Rs 20.72 lakh share market investment fraud and arrested three persons, including a deputy manager of a private bank, for cheating a victim on the pretext of promising lucrative returns through share market investments.
The arrested accused have been identified as Kanhya Das, 36, Rahul Tailor, 28, and Arif Hussain Mansuri, 35, the deputy manager of a private bank. Police have also recovered four mobile phones used in the commission of the crime.
According to the police, the accused induced the victim to invest money in the share market by promising high and lucrative returns. The victim subsequently lost Rs 20,72,000 to the cyber fraudsters.
The investigation revealed that Kanhya Das provided his bank account for receiving the cheated amount, while Rahul Tailor allegedly facilitated the withdrawal of cash through self-cheques and was also involved in money transfer activities.
Further investigation and analysis of the digital devices recovered from the accused led police to identify Mansuri, who facilitated the use of a bank account in exchange for a 2 per cent commission.
An online complaint regarding cyber fraud was received at the Cyber Police Station, North-West District, with the victim reporting that he had been cheated of Rs 20.72 lakh after being lured with promises of substantial returns through share market investments.
Police subsequently registered FIR No. 12/25 dated February 27, 2025, under Section 318(4) of the Bharatiya Nyaya Sanhita (BNS) at PS Cyber, North-West District, and launched an investigation.
Considering the technical nature of the offence and the modus operandi adopted by the cyber fraudsters, a dedicated team comprising SI Ashang, HC Amit, and Constable Ravinder was constituted to investigate the case. The team worked under the supervision of Inspector Dinesh Dahiya, SHO/Cyber, North-West District, and ACP/Cyber Srishti Bhatt.
During the investigation, the police team conducted a detailed analysis of the money trail, bank account records, technical footprints, mobile numbers and location details linked to the beneficiary accounts.
The investigation revealed that the cheated amount had been routed through a bank account and was subsequently withdrawn through a cheque. Analysis of transaction patterns and technical surveillance helped the police identify the operational base of the accused in Mavli, Udaipur, Rajasthan.
Following sustained technical surveillance, manual verification and field intelligence, Das, son of Mangi Das, a resident of Mavli, and Tailor, son of Prakash Tailor, a resident of Kanta Wadi, Mavli, were identified and arrested from Mavli on May 23.
During the investigation, police found that Das was the account holder whose bank account had been used to receive the cheated amount, while Tailor facilitated cash withdrawals through self-cheques and was also involved in money transfer activities. Police said Das was working as a taxi driver, while Tailor was engaged in the money transfer business.
Further investigation revealed that Tailor had come in contact with Mansuri in his money transfer business and while arranging cash, and approached the bank official, who subsequently facilitated the arrangement of Das’s bank account.
According to the police, the bank account was used as a second-layer account, through which approximately Rs 2 lakh linked to the present case was transferred.
During the examination of the mobile phones recovered from the accused, police found digital evidence allegedly establishing the involvement of Mansuri in the crime. He was subsequently arrested from Mavli.
The investigation further revealed that Mansuri had been working at the bank branch since April 2024 and had allegedly received a 2 per cent commission for facilitating the banking arrangement.
The Delhi Police has advised members of the public to remain vigilant against cyber fraudsters offering lucrative returns through share market investments and other investment schemes.
Police cautioned people against trusting unsolicited calls, messages, social media profiles or online groups promising quick or guaranteed profits. The public has also been advised never to share one-time passwords (OTPs), passwords, banking credentials or other sensitive financial information with unknown persons.
Police further advised investors to verify the authenticity of investment platforms and obtain information only through official sources.
In case of cyber fraud, victims have been urged to immediately report the incident by calling the National Cyber Crime Helpline at 1930 or through the National Cyber Crime Reporting Portal, so that timely action can be taken and efforts can be made to recover the defrauded amount.
–IANS
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