Delhi Police have arrested two men for allegedly cheating an investor of around ₹80 lakh by luring him into fake stock market investment schemes with promises of unusually high returns. During the investigation, authorities also froze stock holdings worth nearly ₹25 lakh that were allegedly purchased using part of the defrauded money.
According to police, the victim was persuaded to invest large sums after being assured of attractive profits from stock market-linked investments. Trusting the promises, the complainant transferred money through multiple transactions. However, neither the promised returns nor the invested amount was received, prompting a police complaint.
The case was registered at Rajinder Nagar Police Station, following which a special investigation team examined bank accounts, transaction records, digital evidence and mobile data. Investigators traced the flow of money through several beneficiary accounts and eventually identified the alleged fraudsters.
The arrested accused have been identified as 31-year-old Piyush Kumar from Delhi's Karol Bagh and 31-year-old Jatin Khajotia from Gurugram. Police said both were apprehended based on technical surveillance and intelligence inputs developed during the probe.
During questioning, the accused allegedly admitted to gaining the victim’s trust before convincing him to invest in schemes that promised exceptionally high returns. Investigators found that part of the cheated money had been routed through multiple accounts and later invested in stock market instruments, helping police establish a detailed money trail.
As part of the recovery process, stocks worth around ₹25 lakh have been frozen, while officials continue efforts to trace additional assets linked to the fraud. Police are also examining whether the accused were involved in similar investment scams and are working to identify other beneficiaries connected to the network.
The case highlights the growing threat of online investment frauds, where cybercriminals use promises of quick and guaranteed profits to lure unsuspecting investors. Authorities have advised people to verify the authenticity of investment platforms, avoid transferring money based on social media or messaging app recommendations, and remain cautious of schemes offering unusually high returns.
