Chandigarh Fraudster Arrested for Rs 3.66 Crore Scam..

Chandigarh : A major fraudster involved in a ₹3.66 crore scam has been arrested by Chandigarh police. The accused had been luring investors into false stock market schemes, promising them massive returns on their investments. He used deceptive methods to manipulate unsuspecting individuals, assuring them of quick profits. The police arrested him after he was brought from Tihar Jail, where he had been detained for a separate case of fraudulent activities. The case began when multiple victims reported that they had been promised huge returns on their investments in the stock market, only to realize later that they had been cheated. The accused had used fake identities and fraudulent documents to convince investors to part with large sums of money. The police began their investigation after receiving complaints from several victims, who had been left financially devastated. They discovered that the accused had been running a complex scam, involving multiple fake accounts and shell companies to launder the money. The accused had cleverly targeted individuals who were not well-versed in the stock market, making them more vulnerable to his promises. Upon his arrest, the police revealed that the fraudster had been operating across various parts of the country, exploiting innocent people with his deceitful schemes. In a breakthrough, the police managed to trace his whereabouts and bring him back from Tihar Jail, where he had been incarcerated for similar offenses. Authorities have urged people to be cautious of such fraudulent schemes and advised investors to conduct proper due diligence before making any financial commitments. The arrest has been hailed as a significant achievement in the fight against financial fraud, and the police are hopeful that it will deter other potential scammers from exploiting the public in similar ways.