Ambala Man Arrested for Stock Training Fraud of More Than ₹8 Lakhs
Ambala Man Arrested for Stock Training Fraud of More Than ₹8 Lakhs
Panchkula, Haryana: The mastermind is still at large despite the fact that police have detained a resident of Ambala whose account was utilized for transactions in the ₹8.41 crore Get this highly informative news post by News4Hackers, detailing all about an Ambala Man arrested for stock training fraud of more than ₹8 Lakhs.
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According to the victim, Sajan Verma, a Kalka-based accounting professional, he was invited to join a stock trading group via a WhatsApp message on March 13.
He was invited to invest money and download an application via a shared link. He made a modest initial investment before growing wary of ambiguous agreements. The accused turned off his phone when he noticed this.
He eventually defrauded the victim of ₹8.41 lakh in several transactions after luring him in with promises of large rewards.
On July 10, the accused, Charanjit Singh, also known as Rinku, was taken into custody after a case was filed. That following day, his account was frozen. On July 11, the accused appeared in court and was placed under three days of police custody.
Important information was gleaned during the remand, which should help locate and apprehend further members of the cyber fraud network. According to a police spokesman, the accused was brought before the court on July 14 and placed under judicial custody.
About The Author:
Yogesh Naager is a content marketer who specializes in the cybersecurity and B2B space. Besides writing for the News4Hackers blogs, he also writes for brands including Craw Security, Bytecode Security, and NASSCOM.
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