Two more arrested for Rs 18 lakh online fraud

The police have arrested two more persons in connection with a Rs 18.79 lakh online fraud case, raising the total number of arrests to four.

A cybercrime team, led by SI Yudhvir Singh, arrested Nasir Beg and Ansar Khan, both residents of Dewas, Madhya Pradesh, on August 20.

During their interrogation, they revealed the names of other associates.

Earlier, Vijay Kumar of Sonepat and Nitish Kumar, alias Jony, of Ludhiana had been arrested in the case in June and July. Their bank accounts, allegedly used to channel fraudulent money, were frozen.

Under the scam, which began with a fake trading advertisement on Facebook, victims were lured with promises of high returns through a fraudulent Kotak QIB app.

The victim, Jagmender Singh of Sector 12A, Panchkula, was duped after being added to WhatsApp groups, shown fake SEBI certificates and promised lucrative returns. When he attempted to withdraw funds, the fraudsters threatened him with penalties.