Man arrested for Rs 34-lakh investment fraud in Panchkula

The police arrested a man in connection with an online investment scam.

Sharing details, Deputy Commissioner of Police (DCP, Crime) Manpreet Singh Sudan said a case was registered at the Cyber Crime Police Station on March 18. The complainant, a resident of Panchkula, reported that on September 27, 2024, he received a phone call from an unknown number. The caller lured him with promises of high returns on investments and convinced him to download the Telegram application. Under the guise of investment schemes, the accused defrauded him of approximately Rs 35.11 lakh.

The police initiated swift action and registered a case under Sections 316(2), 318(4), and 61(2) of the Bharatiya Nyaya Sanhita.

The investigation, led by station house officer Yudhveer Singh and conducted by Assistant Sub-Inspector (ASI) Ravinder. revealed actionable leads.

Based on the primary investigation, the police arrested the first accused, Maktul, a resident of Baladhan Khurd village, Rewari district, Haryana.

The DCP disclosed that during the investigation, it was found that Rs 2 lakh from the defrauded sum had been transferred into the accused’s bank account.

The accused was produced in court today, where the police obtained a four-day remand.

During the custody period, efforts will focus on identifying co-accused persons, uncovering the network of fraudulent callers, and tracing the subsequent transfer of funds.

The police have urged citizens to remain cautious and avoid trusting unknown callers, investment schemes, or messages offering unrealistic profits. Anyone encountering suspicious online activity should immediately contact the cyber helpline 1930 or reach out to the nearest police station.