ARTICLE
With the arrest of three men in Rajasthan’s Jhunjhunu, Delhi Police claimed to have busted a racket with links to Cambodia as part of which victims were lured into investing in IPOs with the promise of high returns. The mastermind of the racket, a resident of Jhunjhunu, is still at large and police are coordinating with international agencies to identify and arrest him. The arrested men have been identified as Anshu Jhajharia, 24, Pramod Kumar, 32, and Ankit Kumar, 26. Detailing the gang’s modus operandi, DCP (Northeast) Joy Tirkey said, “The accused used to cheat people by luring them with the promise of hefty returns within a short time by investing in shares/IPOs of their company. They used to transfer the money to other mule accounts and get it withdrawn in cash from different ATMs through ‘hawala racket’. The cash amount was then converted into crypto currency through a handler based in Dubai. The crypto currency was further sent to the mastermind in Cambodia.” The DCP said in June, a complaint was registered at Cyber (Northeast) police station in which a man had alleged that on May 21, he joined a WhatsApp group through an Instagram request, wherein he was connected with a woman who posed as an employee of a firm. Said an officer, “She lured the complainant to invest in an IPO ; the man ended up investing Rs 12.50 lakh. When he asked for his money or documents related to the issue of shares, the IPO portal was blocked.” A police team was formed under the supervision of Inspector Vijay Kumar, SHO of Cyber Police Station (Northeast), that raided various locations following which the three accused were arrested. Police said that they have initiated legal procedures with their Cambodian counterparts to trace and subsequently let them “take legal recourse” to prosecute the mastermind of this cheating racket. None
What’s New
Spotlight
Advertisement
Featured News
Latest From This Week
Popular News
