BHOPAL: The Bhopal cyber cell busted two gangs that duped investors in the name of high returns in the stock market. While one gang operated from Baghsewania in Bhopal, the other was running the illegal activity from Hoshangabad district. Police have arrested five persons of the two gangs.
The Bhopal-based accused minted over Rs 2 crore duping 130 people promising them high return by investing their money in stock market. They targeted people all across the country. The fraudsters would take as low as Rs 10,000 from the investors promising then hefty return.
Similarly, the woman and her accomplices operating in Hoshangabad had collected Rs 30 lakh through their illicit business, cheating around 60 people.
Police said the Baghsewania-based accused Narendra Patel had learnt the nitty-gritty of the stock market from Youtube. Patel would choose his target and then access their data. He would call them and offer heavy returns
On June 23, police received a complaint from a Bhopal-based person and an investigation was launched. Three persons Narendra Patel, Deepak Patel and Rajkumar Patel were arrested in connection with the fraud.
Patel ran Apex broking firm and he had a staff of 7 females and 18 males. †SI BK Garg said the accused would ask for minimum charges of Rs 10,000 in the name of processing and training fee and then would take at least Rs 10,000. SI said that police have received information about 130 victims from their bank transactions but the figure is likely to increase. Also the amount is also likely to go above Rs 2 crore, said the cop.
Woman led the Hoshangabad racket
Police have arrested a woman and a man who using similar modus operandi had allegedly duped over 60 people. The woman so far has made over Rs 30 lakh from her victims. The woman Mamta Mehra and her partner Salman Mansuri would run a call centre in Hoshangabad district from where they would call their targets.
Mamta had earlier worked with a cyber crook Abhishek Gaur but later she left him and started working with Mansuri. She had managed a list of potential targets from her former partner Gaur crime. The woman would call the people and allure them promising good returns in the stock market.
The duo would tell them to invest in the market and would take money in the name of Demat account and other formalities. Later, they would tell them that they have suffered a loss in trading. Also they would stop receiving calls from their victims. A Bhopal based man lodged a complaint with the cyber cell stating that a fake firm Swastika SNC had duped him of Rs 10,000.
He said there is no such firm registered with the concerned board and then a case was registered. Police arrested Mamta and Salman from Hoshangabad.