The police in Chandigarh have arrested 5 accused from Rajasthan who duped people of Rs 56.26 lakh by promising investment in the stock market (trading). All these accused are associated with an organized cyber fraud gang. The accused together duped people of money using fake accounts and SIM cards.
The accused have been arrested under the supervision of SP Geetanjali Khandewal under the leadership of Inspector Iram Rizvi, in-charge of the cyber cell.
Cheated by promising huge profits
In a complaint to the police, Ashok Kumar, a resident of Sector-35, said that he was added to a WhatsApp group, where people claiming to be stock experts were constantly luring people by showing false returns.
He got a mobile app named “IBKR” downloaded and claimed that this app is associated with Interactive Brokers company. The accused said that investing through this app will give huge profits.
Initially, fake profits were shown on some small investments. Due to which the victim’s confidence increased. After this, the victim transferred an amount of more than ₹ 56 lakh in several installments to different bank accounts. As soon as the money was received, the accused removed him from the WhatsApp group and app and broke all types of contact.
On April 17, 2025, Ashok Kumar lodged a complaint at Police Station Cyber Crime, Chandigarh, on which FIR number 33 was registered. The case was registered under sections 318 (4), 319 (2), 338, 336 (3), 340 (2) and 61 (2) of the Indian Penal Code.
People from Gujarat and Rajasthan made victims
Investigation by the cyber cell revealed that this is an organized thug gang, which was operating from different parts of Rajasthan and is connected to a network spread across India. So far, the police have arrested 5 accused from Rajasthan and taken them on 3-day police remand.
This gang has made many people victims not only in Chandigarh but also in Gujarat and Rajasthan. The police has started the process of sharing the data related to this case with I4C (Indian Cyber Crime Coordination Center, Ministry of Home Affairs). So that this network running across the country can be exposed.
The accused confessed their roles
Mukesh Gurjar told that his bank account was opened on the behest of Kala Ram Gurjar of his village.
Ramji Meena admitted that he had given fake bank account kits and SIM cards to the gang.
Vijay, Aditya and Tanishq helped in money transactions and laundering. They got money deposited in bank accounts (mule accounts) made in the name of other people and withdrew them immediately.
Cyber cell arrested 5 accused.
The gang’s network spread across the country
The police have received information that this gang is active not only in Rajasthan but also in Gujarat and other parts of the country.
It is also suspected to have a link to Dubai.
In this case, Rajkot Cyber Police of Gujarat has already arrested one accused Rupresh Sharma.
Two other accused Sahil and Gokul are still absconding and are being searched for.
Kala Ram Gurjar, who is an important member of this network, is also being searched for.
