Delhi Court Denies Bail in Major Fraud Case
A Delhi court has denied bail to Mustakeen Ali, accused of being involved in a Rs. 2.25 crore fraud through a mobile app. The court highlighted Ali’s active role in the money transfer and his connections with two Chinese nationals, who are still untraceable. Additional Sessions Judge Joginder Prakash Nahar emphasized that granting bail at this stage could lead to evidence tampering.
Details of the Case
The case began when Vikram Singh, a Boutique Operation Specialist, reported an online financial fraud. He was lured by an advertisement for the Million Rupees Stock Academy and joined a WhatsApp group led by Shefali Bagga. Bagga convinced him to invest through the “Well Pro app,” claiming SEBI registration and a Mumbai office.
Singh initially invested Rs. 10,000, which appeared to grow on the app. Encouraged by Bagga, he later transferred Rs. 6,00,000, only to realize he was being scammed when he couldn’t reach Bagga. He reported a total loss of Rs. 6,52,000.
Legal Proceedings
Following Singh’s complaint, an investigation was launched, leading to the arrest of Mustakeen Ali. However, another accused, Jai Vardhan, was granted bail. The investigation continues as authorities seek to trace the Chinese nationals involved.
Doubts Revealed
Bail -: Bail is when someone who is in jail is allowed to go home until their trial, but they have to promise to come back for the trial.
Fraud -: Fraud is when someone tricks or cheats another person to get money or something valuable.
Rs. 2.25 Crore -: Rs. 2.25 Crore is a way to say 22.5 million rupees, which is a lot of money in India.
Chinese Nationals -: Chinese nationals are people who are citizens of China, which is a country in Asia.
Evidence Tampering -: Evidence tampering means changing or hiding information that is used to prove what happened in a crime.
Well Pro app -: The Well Pro app is a mobile application that was used in this case to trick people into giving money with false promises.
High Returns -: High returns mean getting a lot more money back than what you originally put in, often used to attract people to invest money.
