Latest news with #Plus500GlobalCS
New Indian Express
6 days ago
- New Indian Express
Engineer held for running online investment scam
NEW DELHI: A mechanical engineer was arrested for allegedly running a Rs 6.03-crore online investment scam that duped victims via social media platforms, police said on Wednesday. The accused, identified as Krishna Kumar, a in mechanical engineering, was the prime executor of the fraud. He lured victims through social media, promising extraordinary returns in stock trading. A team led by Inspector Shiv Ram and supervised by ACP Anil Sharma nabbed him from Kulesara in Greater Noida, UP. 'The fraud targeted victims through a Telegram channel, 'Plus500 Global CS', where fake profit screenshots, fabricated dashboards, and scripted chats were shared,' said DCP (Crime) Aditya Gautam. In this case, the victim invested Rs 6.03 crore in tranches to syndicate-controlled accounts. 'Kumar used fake numbers, routed funds through multiple accounts, and ran two cyber cafés to mask transactions,' the DCP added.
NDTV
7 days ago
- Business
- NDTV
UP Man Arrested For Running Rs 6-Crore Online Scam Via Social Media
New Delhi: The Delhi Police has apprehended a graduate from Greater Noida, Uttar Pradesh, for allegedly running a Rs 6.03-crore online investment scam that duped victims via social media, officials said on Wednesday. Accused Krishna Kumar (29) was tracked down and apprehended from Kulesara in Greater Noida, police said, adding that he allegedly lured people with promises of extraordinary returns in stock trading. Deputy Commissioner of Police (Crime) Aditya Gautam said the accused induced the victims to join a social media channel named "Plus500 Global CS", where fake profit screenshots, fabricated trading dashboards and scripted chats were used to create the illusion of legitimate profits. In one such case, the victim was persuaded to invest Rs 6.03 crore in multiple instalments into accounts linked to the syndicate. When the victim attempted to withdraw the funds, he was blocked from the group, the officer said. During the probe, police discovered that the fraudsters used fake numbers and virtual phone lines to hide their identities. The funds were routed through multiple bank accounts in a layered manner to avoid detection. A breakthrough came when police traced Rs 57 lakh to an account of "Priyanka Placement and Loan Services", which was found to be a front entity controlled by Kumar, the DCP said. The accused also operated two cyber cafes that facilitated fraudulent activities and masked financial transactions, he added. Kumar has been taken into police custody for sustained interrogation to identify other members of the syndicate, police said, adding that advanced digital forensics, device cloning and financial-trail mapping are underway to dismantle the wider network and recover assets.
New Indian Express
13-08-2025
- New Indian Express
Mechanical engineer allegedly running Rs six crore online scam arrested from Noida
NEW DELHI: A mechanical engineer was arrested for allegedly running Rs 6.03-crore online investment scam that duped victims via social media platforms, Police said on Wednesday. The accused has been identified as Krishna Kumar, who holds a in mechanical engineering, as the prime executor of the fraud module. The accused lured victims through social media, promising extraordinary returns in stock trading. A team under the leadership of inspector Shiv Ram and supervision of ACP Anil Sharma nabbed the accused from Kulesara in Greater Noida, UP during an operation. The fraudster targeted victims via social media and induced them to join a Telegram channel named "Plus500 Global CS". Inside private groups, victims were shown fake profit screenshots, fabricated trading dashboards, and scripted chats to create trust, Deputy Commissioner of Police (crime) Aditya Gautam said. The victim in this case was persuaded to invest Rs 6.03 crore, transferred in multiple installments to accounts controlled by the syndicate, the DCP said. He used fake numbers and virtual phone lines to conceal identities. Funds were routed through multiple accounts, layered to evade detection. Cyber Cell traced Rs 57 lakh to an account of 'Priyanka Placement and Loan Services', a front company controlled by the accused, he said.
Time of India
21-05-2025
- Business
- Time of India
Matrimonial site to trading fraud: AIIMS-Raipur doc duped of 46L
Raipur: An All India Institute of Medical Sciences (AIIMS) doctor in Raipur was defrauded of Rs 46 lakh by a woman he met through a matrimonial site, Amanaka SHO Sunil Das said. The woman allegedly convinced the doctor to invest money in a trading site on the promise of jointly opening a hospital in future. Tired of too many ads? go ad free now The victim, Dr Rahul Kumar Rohit, 31, filed a complaint with the Amanaka police on Tuesday. According to the police, Dr Rohit met a woman named Dr Radhika Mukherjee on a matrimonial site about two months ago. Their conversations, primarily through WhatsApp calls, progressed towards marriage. The woman introduced Dr Rohit to a forex trading site, Plus 500 Global CS, and urged him to invest, saying that the funds would be used to open a hospital together in Ahmedabad, Gujarat. Initially hesitant, Dr Rohit subsequently took a loan and deposited Rs 30 lakh in the trading site. After some days, when the trading site showed a profit, the doctor tried to withdraw the amount. He was instructed to pay GST of Rs 16 lakh to receive the profit. The doctor then deposited the when Dr Rohit attempted to withdraw the funds, he was unsuccessful, leading him to suspect a scam. He tried to contact the woman, but her phone was switched off.
