Saturday 18 January 2020
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business-standard - 1 month ago

Delhi: Cyber Cell busts online investment scam, arrests two

South District Cyber Cell has busted a gang of notorious cheaters which used to dupe people on the pretext of investment in online share market trading.Among those arrested are Vijay Masih, 41, and Md Abutalif Mansuri, 27.A person, named Md Sajid Husain, had reported that in the month of May 2019, one Rahi contacted him on phone and asked him to invest in his online trading company and assured him a return of 12 to 17 per cent per month that could double his investment in a short time.He was told to meet Masih. They called him repeatedly and succeeded in convincing him to make the investment. Husain gave them a total of Rs 22 lakh (Rs 15 lakh fund transfer and Rs 7 lakh in cash) to invest in share market.Initially, they gave him some amount as interest, but after two months they stopped and closed their Noida-based office.When the complainant learnt that the group had taken a lot of money from others also and were making false promises, he registered a complaint in Neb Sarai Police ...

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