Delhi Police Investigate Fake HDFC Securities App Scam
Delhi Police have registered a case against unknown scammers who created a fake trading app pretending to be HDFC Securities. These scammers tricked investors into depositing Rs 53,45,000 for international trading. They showed fake profits and encouraged investments in IPOs. When customers tried to withdraw their money, the scammers demanded more payments. The case is being investigated under sections 318/61(2) of Bharatiya Nyaya Sanhita at the Special Cell, Lodhi Colony, Delhi.
ED Arrests Four in Cyber Fraud Case
In a separate case, the Directorate of Enforcement (ED) arrested four people from Pallipattu, Tamil Nadu, for a cyber fraud of Rs 2.6 crore. The accused, Tamilarasan Kuppan, Prakash, Aravindan I, and Ajith, were involved in creating shell companies and opening bank accounts to launder money from cyber scams. The Special Court in Bengaluru has granted ED custody of the accused for four days. ED has also frozen Rs 2.8 crore in a bank account of a shell company named Cyberforest Technology Private Limited. The investigation was initiated based on multiple FIRs, including one from Jaipur where a victim was tricked into transferring Rs 2.16 crore under the guise of ‘fund legalisation’.
Doubts Revealed
Delhi Police -: Delhi Police are the law enforcement agency responsible for maintaining law and order in Delhi, the capital city of India.
HDFC Securities -: HDFC Securities is a financial services company in India that offers stock trading and investment services.
Scam -: A scam is a dishonest scheme or fraud where people are tricked into giving away their money or personal information.
Rs 53,45,000 -: Rs 53,45,000 is a large amount of money in Indian Rupees, equivalent to 5.345 million rupees.
International trading -: International trading involves buying and selling goods or services between countries.
Directorate of Enforcement (ED) -: The Directorate of Enforcement (ED) is a government agency in India that investigates financial crimes like money laundering and fraud.
Tamil Nadu -: Tamil Nadu is a state in the southern part of India.
Rs 2.6 crore -: Rs 2.6 crore is a large amount of money in Indian Rupees, equivalent to 26 million rupees.
Cyber fraud -: Cyber fraud is a crime where people use the internet to trick others and steal their money or personal information.
Shell companies -: Shell companies are businesses that exist only on paper and have no real operations, often used to hide money or commit fraud.
