Delhi Police have made significant progress in a case involving a fraudulent online investment scheme that preyed on a retired Indian Air Force officer, resulting in a loss of over ₹49 lakh. Four individuals have been taken into custody near the Anand Vihar bus stand in northeast Delhi. The accused are identified as Amit Kumar (35), Uzair Abbasi (28), Ali Sher Saifi (45), and Md Hamid (33).
The police indicated that the suspects set up various bank accounts across the country, utilizing forged documents and fake identities to handle the defrauded funds. These accounts served as conduits for their financial crimes, and the suspects reportedly received commissions for their operations. Authorities have successfully frozen approximately ₹2 lakh from these accounts to aid in the investigation.
The victim, Umesh Kumar Sharma, reported the incident after falling victim to a deception orchestrated by a woman claiming to be an investment advisor named Kangna Sharma. Sharma was approached via social media and invited to join what was presented as an “investment group.” He was subsequently lured into registering on a fraudulent trading platform through a link provided by the impostor.
Trusting the supposed advisor, Sharma transferred a total of ₹49.28 lakh from his and his father’s bank accounts. However, when he attempted to withdraw the purported profits, he faced obstruction. The scammers denied him access to his funds and threatened to suspend his account unless he deposited additional money.
In response to Sharma’s complaint, police traced the financial transactions leading to the identification of multiple beneficiary accounts linked to the suspects. The operation also led to the recovery of four mobile phones and five SIM cards from their possession.
During questioning, the arrested individuals admitted their involvement in a larger fraud syndicate. Authorities have indicated that investigations are ongoing to uncover additional members of the network and to potentially link them to similar fraudulent activities. The police are committed to ensuring that all those responsible for such schemes face justice.
