With the arrest of the accused Fang Chenjin, a resident of Safdarjung Enclave in the national capital, the police managed to unravel an online stock trading scam of more than ₹100 crore which Was being orchestrated via Whats App groups.
Deputy Commissioner of Police (Shahdara) Prashant Gautam said a complaint Was lodged in July at the cyber crime portal in Which the complainant reported that he Was lured into fraudulent stock market training sessions and subsequently tricked into in-vesting Rs 43.5 lakhs in several transactions.
"These investments Were directed to multiple bank accounts controlled by the fraudsters," the DCP said.
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