Seven Arrested in Multi-Lakh Stock Market Scam

Police have arrested seven individuals in Gurugram for allegedly defrauding a woman of Rs 64 lakh with promises of high stock market returns. The investigation revealed transactions of Rs 20 lakh were frozen. The suspects sold their accounts for small sums to facilitate the scam.

Police have apprehended seven individuals in connection with a scheme that allegedly defrauded a woman of Rs 64 lakh, promising substantial returns on stock market investments. The arrests took place in Gurugram.

Authorities revealed that Rs 20 lakh of the fraudulent transactions have been frozen during the investigation. The scheme was uncovered following a complaint lodged by the victim on February 27.

Investigations revealed that six of the accused received the defrauded funds and subsequently sold their accounts to a man named Shailender for Rs 20,000 each. Police continue to probe the case further, according to ACP Cyber Priyanshu Dewan.

(With inputs from agencies.)