Retired Lt Colonel and another man duped of 60 lakh in investment and banking scams
New Delhi: Two men, including a retired Lieutenant Colonel, were duped of Rs 60 lakh in two separate cases. Police arrested three suspects, and in one of the cases, the accused were found to be in contact with Chinese nationals.
In the first case, a retired Lieutenant Colonel was duped of Rs 45 lakh under the pretext of an investment opportunity. Police arrested two men with alleged links to Chinese nationals. The accused were identified as Rahim Khan (24) and Indra Kumar Sahani (36).
"Sahani was arrested in Ahmedabad, and based on his information, the other accused was apprehended," police added. The complainant informed the police that he was introduced to an online digital gold trading website by someone on WhatsApp.
"Initially, the money was deposited into various bank accounts provided by the fraudsters. It was then converted into US dollars at a fixed rate of Rs 80 per dollar. The equivalent amount was shown credited to his account on the alleged trading website and used for trading," police said. The complainant continued trading, and his purported profits grew to Rs 1 crore. However, when he attempted to withdraw some of the profits, he realised he had been deceived.
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DCP (Southwest) Surendra Choudhary stated that Indra Kumar Sahani initially opened a bank account and provided it to the accused. After seeing the profits, he opened nine more current accounts, which he sold for a commission. He then handed over his account to co-accused Rahim Khan, who facilitated and managed mule account holders in Ahmedabad. Khan also contacted international operators via an app. "He was in contact with Chinese nationals through a social media application," police said.
The accused reportedly received their commission in USDT from these Chinese nationals.
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