Investment Scam Uncovered: Rajendra Makwana Arrested in Fraud Case

Delhi Police have arrested Rajendra Makwana, a 40-year-old from Jodhpur, for allegedly operating a social media investment scam. Victims were lured with promises of high returns, leading them to invest substantial amounts. Once funds were collected, the accused vanished, prompting a police investigation and subsequent arrest.

The Delhi Police have apprehended Rajendra Makwana, aged 40, for allegedly carrying out a social media scam, enticing individuals with promises of lucrative investment returns. He was nabbed in Jodhpur, Rajasthan, where he managed bank accounts used in the fraudulent operation.

A case was initially registered at the Cyber Police Station in Shahdara following a complaint from a target of the scam. The victim had been invited to join an investment circle and initially received small profits, which convinced him to invest Rs 8.2 lakh in hopes of substantial gains. When he attempted to withdraw his investment, the accused had disappeared, realizing he was scammed, the victim alerted the authorities, a senior officer informed.

Police investigations involved analyzing bank statements and tracking the accused's mobile activity to Jodhpur, which led to a successful raid and arrest on Sunday. During questioning, Makwana admitted to managing the bank accounts implicated in transferring and laundering the illicit proceeds with the aid of accomplices.

(With inputs from agencies.)