Faridabad Police Busts Individual for Stock Market Scam
Arrest Made in Online Investment Fraud Case
Hansraj Goyal, a resident of Ludhiana in Punjab, has been taken into custody by the Faridabad cyber police in relation to a Rs 73.97 lakh online investment scam.
Background of the Case
A resident of Sector 86 had filed a complaint with the police alleging to have been deceived by promises of substantial returns through stock market investments. The complainant had received a link on a messaging platform that led them to a group making such claims.
The Scam Unfolds
According to police sources, the victim was persuaded to transfer money into different bank accounts under the false assumption that these investments would yield substantial returns. They were convinced by the promises of high profits from investments in stocks and pre-initial public offering (IPO) shares.
The Investigation
- The police discovered that the accused, Hansraj Goyal, operated a firm called Janata Trans Co. and its bank account was used to route part of the stolen funds.
- Approximately Rs 7 lakh linked to the scam were found to have been deposited into this account.
- The investigators also uncovered Goyal’s connection to the transportation industry, which aided in identifying his role in the money trail and ultimately led to his arrest from Faridabad.
Arrest and Further Investigation
Goyal was produced before a court and granted a three-day remand for further questioning. The investigation continues to unravel the broader network involved in the scam and the movement of the remaining funds.
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