Delhi Police Arrest Two for Cyber Fraud: Mohamad Ali and Deepu P from Bangalore
New Delhi [India], July 26: Delhi Police have arrested two individuals, Mohamad Ali and Deepu P, both 25 and residents of Bangalore, Karnataka, for allegedly committing cyber fraud. The arrests followed a complaint by Nalini Khanna, a resident of RK Puram, Delhi, who claimed she was defrauded of Rs 18 lakh after joining a WhatsApp group that purported to teach stock chart analysis.
Details of the Fraud
According to Deputy Commissioner of Police (DCP) South West, Rohit Meena, Nalini Khanna joined the WhatsApp group through an invite link on Facebook. The group members claimed they would teach stock chart analysis and broadcast their lessons daily via a link. They persuaded her to open an institutional account, buy two shares daily, and sell them the next day to earn profits. The suspects presented themselves as representatives of MC Group & LKP Securities.
Nalini opened her institutional account with them and invested Rs 18 lakh from her UCO Bank account in three transactions into the accounts provided by the suspects. When she attempted to withdraw her money, she was unable to do so. The suspects then asked her to invest more to retrieve the remaining amount, after which she realized she had been cheated.
Investigation and Arrest
Following a preliminary inquiry, a case was registered under Section 420 of the IPC, and an investigation was initiated. The police team employed a dual strategy in their investigation: tracking the money trails and pursuing technical leads. During the investigation, it was revealed that the defrauded amount was credited to three different bank accounts. Of the total of Rs 18 lakh, Rs 4 lakh was credited to the Federal Bank account associated with Deepu.
An analysis of the Federal Bank account linked to FlashStep Technology Private Limited revealed a total credited amount of Rs 3,27,22,749. Further checks on the NCRP (National Cybercrime Reporting Portal) revealed 40 complaints associated with the account. After sustained interrogation, Deepu P and Mohamad Ali admitted to opening nine current accounts–three with Federal Bank, three with SBI, and three with RBL–and providing these accounts to an unknown person over WhatsApp. They received Rs 1,10,000 each as commission for these accounts.
Doubts Revealed
Delhi Police -: Delhi Police is the law enforcement agency responsible for maintaining law and order in Delhi, the capital city of India.
Cyber Fraud -: Cyber fraud is a type of crime where people use the internet to trick others and steal their money or personal information.
Bangalore -: Bangalore, also known as Bengaluru, is a large city in the southern part of India. It is known for its technology industry.
Rs 18 lakh -: Rs 18 lakh means 1.8 million rupees. In India, ‘lakh’ is a term used to denote 100,000 units of currency.
WhatsApp -: WhatsApp is a popular messaging app that allows people to send texts, make calls, and share photos and videos over the internet.
Stock chart analysis -: Stock chart analysis is a method used to study and predict the future movements of stock prices by looking at past price data and patterns.
Institutional account -: An institutional account is a type of bank or investment account used by large organizations, like companies or financial institutions, rather than individual people.
Commissions -: Commissions are payments given to someone for helping to complete a business deal or transaction, usually a percentage of the money involved.