Two arrested in fake online trading scam in Chandigarh
Resident allegedly cheated of Rs 14.4 lakh
The cyber crime police station, Chandigarh, has arrested two men in connection with a fake online trading scam, in which a city resident had been allegedly cheated of Rs 14.4 lakh. A case has been registered in this regard.
The police said the case was registered on the complaint of Sunny Kumar, a resident of Manimajra, who alleged that he was lured into investing through an online advertisement promising high returns. After clicking a YouTube advertisement, he was contacted via WhatsApp and persuaded to download a fake trading application named ADVPMA.
The app displayed fake profits, prompting the complainant to transfer money in instalments. Between December 25, 2025 and January 5, he transferred Rs 14.4 lakh through NEFT and IMPS transactions. When he attempted to withdraw the amount, the fraudsters stopped responding.
During the investigation, analysis of bank and telecom records led the police to an Axis Bank account operated in the name of Prime Enterprises, Chandigarh. Subsequent raids in Sector 56, Chandigarh, and Peer Muchhalla, Dhakoli, resulted in the arrest of Vivek (32) and Rishab Gandhi (25). The accused allegedly provided bank accounts for cyber fraud activities in return for commission. Further investigation is underway, and more arrests are likely, the police said.
