Cyber fraud duo held in Rs1 cr investment scam

The Cyber Police of Faridabad have arrested two men in connection with a cyber fraud case involving over Rs 1 crore. The accused allegedly duped a local resident by promising high returns on investments after initially contacting him via a dating app.

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The accused, identified as Satyam and Raj Kapur — both residents of Kanpur, Uttar Pradesh — were arrested by the cyber crime team and produced before a city court, which remanded them to four days of police custody for further interrogation.

According to the police, the victim had filed a complaint stating that he was first approached on a dating app by a woman. The interaction soon shifted to WhatsApp, where she persuaded him to invest money through a trading platform. She sent him a link to an application, asked him to log in and guided him through what appeared to be an investment process.

Unaware of the trap, the victim transferred a total of Rs 1,10,85,600 into accounts controlled by the fraudsters. When he later attempted to withdraw his funds, he was told to deposit an additional Rs 24 lakh as a clearance charge. Realising he had been scammed, the victim approached the cyber police.

Following an investigation, a case was registered at the cyber police station. Acting on leads, the cyber team tracked and apprehended the accused in Kanpur.

“During interrogation, it was revealed that Raj Kapur used to arrange bank accounts for fraudsters. He had obtained Satyam’s account and handed it over to the gang. Around Rs 10 lakh of the defrauded money was transferred into that account,” said a Faridabad police spokesperson.

Police officials said further questioning is ongoing to uncover the full network involved in the scam and to trace the remaining defrauded amount.