NOIDA: A man from Bihar has been arrested for allegedly facilitating a multi-crore investment fraud in which victims were duped with promises of high returns from fake share market schemes.
Police said around ₹60 lakh of the defrauded money was routed through the bank account of 32-year-old Bunty Kumar, a resident of Purnea district. He is the 15th person arrested in the case, with 14 others already in custody.
The case was uncovered through complaints filed on the National Cyber Crime Reporting Portal, along with technical surveillance and local intelligence inputs that helped trace the accused.
An FIR has been registered under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and Section 66D of the Information Technology Act, which deals with cheating by personation using computer resources.
Investigations revealed that the accused and his associates lured victims by offering lucrative returns on stock market investments. Victims were contacted via phone calls and messaging apps and persuaded to transfer money into designated bank accounts under the guise of trading opportunities.
Officials confirmed that transactions worth approximately ₹60 lakh were traced to Kumar’s account. Police have also seized two mobile phones from him, which are expected to provide further evidence and help identify additional victims and accomplices.
Authorities have urged the public to remain cautious about unsolicited investment offers, especially those received via WhatsApp or unknown calls. People are advised not to click on suspicious links or share sensitive personal information such as Aadhaar, PAN, or bank details.
In case of suspected cyber fraud, citizens can contact the cybercrime helpline at 1930 or file a complaint through the official portal.
