Former Congress Aspirant Arrested in ₹1.84 Crore Cyber Fraud Case
A Former Politician Arrested in ₹1.84 Crore Online Trading Scam
A 63-year-old former Congress aspirant, Keisham Ningthemjao Singh, has been taken into custody by the police in connection with a ₹1.84 crore online trading scam that targeted a resident of Mannarkkad. The accused, a resident of Manipur, allegedly lured the victim with promises of unusually high and guaranteed returns on investments.
Modus Operandi of the Scam
According to investigators, the scam took place between August and November 2025. The victim was initially contacted and persuaded to invest in online share trading schemes that promised unusually high profits. To gain the victim’s trust, the scammers showed small returns on modest deposits. Once the victim’s confidence was established, the accused and his associates allegedly encouraged the victim to transfer larger sums of money.
In total, the victim deposited ₹1,84,52,524 in multiple instalments, which was subsequently siphoned off to accounts controlled by the accused. A substantial portion of the money was routed to an account held at Central Bank of India’s Porompat branch, from where withdrawals were made using cheques. Preliminary findings indicate that the account was being used exclusively for criminal activity.
Investigation and Arrests
The police are currently analyzing banking records, digital logs, and transaction trails to reconstruct the money flow. The accused is already facing five cheating cases, and investigators believe that this case is part of a larger online trading racket involving multiple operatives and possible field agents.
Authorities are examining IP data, device activity, and interlinked bank accounts to identify other members of the network. Further arrests are likely as the probe progresses. The police have warned the public to be cautious of investment offers promising guaranteed or unusually high returns, especially those circulated through social media or messaging apps.
“The early stage of a scam is critical,” an officer said. “Prompt reporting can help block transactions before the money disappears into layered accounts.”
Warning to the Public
The scam follows a familiar pattern, where victims are first shown “test profits” to build confidence, after which they are pushed to invest heavily. Once a large amount is deposited, the money is quietly drained through fake platforms or controlled accounts. Victims are then told that their accounts are “frozen” or that “taxes are pending,” in an attempt to extract even more funds.
The police have urged citizens to use only SEBI-registered investment platforms and to be cautious of unsolicited investment offers. By being aware of these tactics, the public can protect themselves from falling prey to such scams.
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