Online Investment Scam: Jodhpur Alumnus Arrested

Subhash Bishnoi, a 24-year-old alumnus of Jodhpur University, was arrested by the Delhi Police for allegedly defrauding a 34-year-old engineer out of almost Rs 12 lakh. The fraud involved promises of high returns from investments in the share market and cryptocurrency. Bishnoi is part of a gang involved in similar scams.

Subhash Bishnoi, a 24-year-old alumnus of Jodhpur University, was apprehended by the Delhi Police for allegedly defrauding an engineer of nearly Rs 12 lakh under the guise of promising high returns through stock market and cryptocurrency investments, officials reported on Friday.

According to Deputy Commissioner of Police (Northeast) Joy Tirkey, the victim, Ankit, had initially been enticed by the remarkable short-term returns. A complaint lodged by Ankit on January 2 led to the investigation. Ankit reported receiving a proposal via social media on October 31, encouraging him to invest in shares and cryptocurrency for quick profits.

After demonstrating an interest, Ankit initially invested Rs 10,000, which yielded Rs 15,000 within a few days. Further investments escalated to Rs 11.93 lakh but yielded no returns. The police traced the money trail, leading to four bank accounts, one containing Rs 9 lakh in Jodhpur. Following this lead, Bishnoi was identified and apprehended. The investigation revealed he was part of a larger network defrauding individuals. Several bank accounts were frozen, and various incriminating items were recovered. Bishnoi admitted to the crime, citing his desire for a lavish lifestyle.