Share Market Fraud Of ₹1.22 Crore In Bhopal: 5 Held From West Bengal, Maharashtra | Representative Image
Bhopal (Madhya Pradesh): Cyber crime branch police arrested five men from West Bengal and Maharashtra for their involvement in a major online fraud. The accused provided bank accounts to a gang that took Rs 1.22 crore from a Bhopal resident on the pretext of investing in share market.
The incident came to light after a complaint was lodged by local resident Anand Singh (name changed) on July 28, 2024. Singh was introduced to a WhatsApp group named, C57 Accel Student, where he was contacted by a woman, Casey Aylward.
She lured Singh into investing in a fake share trading scheme, claiming high returns in a short period. The accused sent a link to a fraudulent app called ACVVL ONLINE, where Singh was instructed to deposit money into given bank accounts.
After depositing Rs 1.22 crore, Singh was told that he would have to pay additional funds to withdraw his profits. When he refused, his withdrawal request was blocked. Further investigation revealed that the accused opened fake bank accounts, which they sold to cyber criminals for Rs 50,000 each.
These accounts were used to funnel the defrauded money into other accounts. The cyber crime branch team identified key suspects involved in the scheme and arrested Mustafa Musharraf Hussain, Nihar Alam and Ashiful Haque from Cooch Behar in West Bengal and Tamas Ganesh Shedmake and Pintu Suresh Singh Bais from Nagpur, Maharashtra.
Police recovered mobile phones, SIM cards, ATM cards and documents used for the fraud from them. The accused are now facing charges for their roles in facilitating the cyber crime, which involved fake investments and fraudulent bank transactions. The cyber crime branch’s investigation into the case is still underway.
