Faridabad Police Arrest 4 Scammers from UP: Duped Woman of ₹26 Lakh

Faridabad Police have arrested four individuals from Uttar Pradesh who were running a fraudulent scheme, duping people under the pretext of lucrative stock market investments. The gang allegedly swindled ₹26 lakh from a woman by using a fake investment app and elaborate tactics to gain her trust.

According to the police, the victim, a resident of Faridabad, was lured into the scam after receiving calls from individuals posing as financial advisors. They convinced her to invest in a “highly profitable” stock market scheme through a mobile application. The app appeared genuine, displaying fabricated investment growth and returns, which persuaded her to continue investing larger sums over time.

After siphoning off ₹26 lakh from the woman, the scammers stopped responding to her calls, raising suspicion. Realizing she had been cheated, the woman approached the police and filed a complaint.

The Cybercrime Unit of Faridabad Police launched an investigation, tracing the transactions to a bank account linked to the accused. Using digital surveillance, the police tracked the gang to Uttar Pradesh, where they were arrested during a raid. The accused were found in possession of multiple mobile phones, fake identity documents, and laptops used to create and operate the fraudulent app.

Police officials revealed that the gang had been running similar scams across different states, targeting individuals with little knowledge of stock markets. Their modus operandi involved creating fake apps, showing manipulated data to lure victims, and withdrawing money into multiple accounts to avoid detection.

The arrested individuals have been charged under sections of fraud, identity theft, and cybercrime. The police are now working to recover the stolen amount and identify more victims of the scam.

Speaking on the case, a senior police officer said, “This arrest is a significant breakthrough in tackling financial frauds. We urge people to be cautious while investing online and verify the authenticity of platforms and advisors.”

The incident serves as a reminder to citizens to remain vigilant against cyber fraud and avoid falling prey to schemes promising unrealistically high returns.