Four cyberscammers arrested in Delhi

Vadodara: Four men who allegedly cheated a citizen out of Rs 13.79 lakh using a bogus investment app were arrested in Delhi by cybercrime sleuths.
The accused allegedly got the victim to join a WhatsApp group where he was promised tips on stock investments. He was then tricked into downloading a bogus mobile app, on which he could purportedly monitor his investments. He was made to deposit funds into various bank accounts, ostensibly to make investments.
Investigators said the app showed false profit figures and the victim thus kept depositing more funds. The victim was told he had got shares allotted in several IPOs. The accused even paid out Rs 2 lakh into the victim's bank account, to convince him that the investment platform was genuine. He never got the rest of the money he invested back and later filed a complaint at the Cybercrime police station.
Police tracked down the accused from bank transactions and caught them from Delhi. The accused arrested are Arpit Chaudhary, Deepak Thakur, Mohit Madhyan and Rahul Dalal.
Police seized Rs 5.50 lakh in cash, 24 cheque books, five laptops, 24 mobile phones and several debit cards from the accused. The bank accounts for which cheque books were found already have 76 complaints registered against them.
The gang would contact people on Telegram, Instagram or WhatsApp and offer them stock tips. The victims were then deceived into downloading the bogus investment apps where fake profit numbers were shown. When the victims sought to withdraw funds, the gang would cut off all communication.