Fake Agni App Mastermind Arrested in ₹1 Crore Cyber Fraud Case

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Faridabad Police Arrest Mastermind Behind ₹1 Crore ‘Agni’ App Scam

A major cybercrime investigation in Bihar’s East Champaran district has led to the arrest of Sangam Kumar, the alleged mastermind behind a fake investment mobile application called ‘Agni’.

The Scam

The app, which promised unusually high returns to lure youths and small investors, is believed to have defrauded over ₹1 crore, although authorities suspect the actual amount may be significantly higher.

According to investigators, Kumar and his associates built trust with initial investors by making small payouts, which were followed by promises of cars, bikes, and other expensive gifts for higher investments. The app featured a digital wallet where users deposited money, and early transactions appeared successful, encouraging victims to invest larger sums. However, once a substantial amount had been collected, the app was shut down, and the accused went incommunicado.

The Mastermind

Kumar allegedly posed as the CEO of the ‘Agni’ app to enhance credibility and organized seminars and presentations in different cities to attract young investors. He used professional PowerPoint presentations, forged registration documents, and fabricated success stories to convince people to invest.

Investigation and Arrest

Technical surveillance and scrutiny of banking transactions led authorities to Kumar’s location in Faridabad, where he was arrested by a special team. Police are now interrogating him to identify other gang members, bank accounts used, payment gateways involved, and server details.

Further Investigation

The investigation has revealed possible links to other states, and officials suspect that the network may have operated in multiple regions. Similar complaints may surface as the investigation progresses, and the probe could be expanded further if the fraud’s scale turns out to be extensive.

Cyber experts have cautioned the public against investing in mobile applications promising unusually high or guaranteed returns without proper verification. They advise checking company registration, regulatory approvals, and authenticity before making any financial commitments.

Aftermath

The arrest has brought hope for justice to the victims, who have begun approaching the police with transaction records and investment details. Police are focused on uncovering the entire network and arresting other accused persons. More revelations and possible arrests are expected in the coming days as the investigation continues.