Daijiworld Media Network - New Delhi
New Delhi, Aug 31: The Delhi Police’s Cyber Police Station in North-West District has busted a Rs 20.72 lakh share market investment fraud and arrested three persons, including a deputy manager of a private bank, for allegedly cheating a victim by promising lucrative returns on investments.
The arrested accused have been identified as Kanhya Das, 36, Rahul Tailor, 28, and Arif Hussain Mansuri, 35, a deputy manager at a private bank. Police have also recovered four mobile phones allegedly used in the crime.
According to police, the accused lured the victim into investing money in the share market by promising high returns. The victim subsequently lost Rs 20,72,000 in the cyber fraud.
The investigation revealed that Das had provided his bank account to receive the cheated amount, while Tailor allegedly facilitated cash withdrawals through self-cheques and was also involved in money transfer activities.
Further investigation and analysis of digital devices recovered from the accused led police to Mansuri, who allegedly facilitated the use of a bank account in return for a two per cent commission.
The case came to light after the Cyber Police Station, North-West District, received an online complaint from the victim, who reported being cheated of Rs 20.72 lakh after being lured with promises of substantial returns through share market investments.
Police subsequently registered FIR No. 12/25 dated February 27, 2025, under Section 318(4) of the Bharatiya Nyaya Sanhita (BNS) at PS Cyber, North-West District, and launched an investigation.
Considering the technical nature of the offence and the modus operandi adopted by the cyber fraudsters, a dedicated team comprising SI Ashang, HC Amit and Constable Ravinder was constituted. The team worked under the supervision of Inspector Dinesh Dahiya, SHO/Cyber, North-West District, and ACP/Cyber Srishti Bhatt.
During the investigation, police conducted a detailed analysis of the money trail, bank account records, technical footprints, mobile numbers and location details linked to the beneficiary accounts.
The investigation showed that the cheated amount had been routed through a bank account and subsequently withdrawn through a cheque. Analysis of transaction patterns and technical surveillance helped police identify the operational base of the accused in Mavli, Udaipur, Rajasthan.
Following sustained technical surveillance, manual verification and field intelligence, Das, son of Mangi Das and a resident of Mavli, and Tailor, son of Prakash Tailor and a resident of Kanta Wadi, Mavli, were identified and arrested from Mavli on May 23.
Police found that Das was the account holder whose bank account had been used to receive the cheated amount, while Tailor facilitated cash withdrawals through self-cheques and was also involved in money transfer activities. Das was working as a taxi driver, while Tailor was engaged in the money transfer business, police said.
Further investigation revealed that Tailor came in contact with Mansuri through his money transfer business while arranging cash. Tailor allegedly approached the bank official, who subsequently facilitated the arrangement of Das’s bank account.
According to police, the bank account was used as a second-layer account through which approximately Rs 2 lakh linked to the present case was transferred.
Examination of the mobile phones recovered from the accused allegedly yielded digital evidence establishing Mansuri’s involvement in the crime. He was subsequently arrested from Mavli.
Police said Mansuri had been working at the bank branch since April 2024 and allegedly received a two per cent commission for facilitating the banking arrangement.
The Delhi Police has advised the public to remain vigilant against cyber fraudsters offering lucrative returns through share market investments and other schemes.
Police cautioned people against trusting unsolicited calls, messages, social media profiles or online groups promising quick or guaranteed profits. People have also been advised never to share one-time passwords (OTPs), passwords, banking credentials or other sensitive financial information with unknown persons.
Investors should verify the authenticity of investment platforms and obtain information only through official sources, police said.
In case of cyber fraud, victims have been urged to immediately report the incident by calling the National Cyber Crime Helpline at 1930 or through the National Cyber Crime Reporting Portal to enable timely action and efforts to recover the defrauded amount.