2 held for duping man of Rs 40 lakh

The Delhi Police have arrested two fraudsters for allegedly duping a man of almost Rs 40 lakh on the pretext of good returns against his investment in southwest Delhi’s RK Puram area, an official said on Thursday.

The accused have been identified as Kuldeep Chaudhary (22) and Ranjay Singh (32). A man complained that he had been allegedly duped of Rs 39.50 lakh after being added to a social media group that offered stock and IPO investment recommendations, he said.

The fraudsters allegedly convinced him to open an institutional account and transfer money into designated bank accounts. Once the money was transferred, his access was blocked, and the accused demanded further investments to recover his funds, he said.

“A case had been registered in this regard,” DCP (Southwest) Surendra Choudhary said.