Delhi Police have arrested 11 people, including the alleged mastermind, in a ₹300 crore inter-state investment fraud using fake trading platforms. The case surfaced after a victim reported losing over ₹31.5 lakh. The syndicate lured people via WhatsApp groups promising high returns.
Delhi Police arrested 11 individuals, including the alleged mastermind, operating an inter-state investment fraud syndicate worth ₹300 crore. The group duped victims by promising high returns through fake trading platforms linked to cybercrime networks.
The fraud came to light following a complaint from a man cheated of over ₹31.5 lakh. He was added to a WhatsApp group and persuaded to download the fraudulent 'Cventura' trading app. After transferring funds to multiple bank accounts, the app became defunct and the group vanished.
Police described the operation as spanning multiple states. Investigations continue as authorities probe the full extent of the scam.
