Trading Scam Mastermind Held in Dehradun, who is accountable for a loss of Crores

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Person pointing at trading charts on screen, representing a trading scam investigation in Dehradun

Trading Scam Mastermind Held in Dehradun: Who is accountable for a loss of Crores

“A big scammer,“Mohammad Rizwan, got caught in Dehradun by a collaboration of two special forces in Uttarakhand. Know-How!”

Mohammad Rizwan, son of Bundu, the suspected mastermind of a nationwide cyber fraud network, was taken into custody by the Uttarakhand Special Task Force (STF) in cooperation with the Dehradun and Rudrapur Cyber Crime Police Stations.

After a technical surveillance-led operation, he was apprehended from the Patelnagar neighborhood of Dehradun.

Rizwan allegedly promoted fraudulent investment plans under the pretense of being a reputable company, ABANS Brokerage Services Pvt. Ltd., defrauding victims all over India. The scam worked by setting up WhatsApp groups called 055Abans, 051Abans, and 054Abans Market Mentors, where phony screenshots of profitable trading were shared to trick unwary people.

False Profits, Fake App: The Operation of the ABANS Scam

To win their trust, victims were instructed to download a phony mobile app called “ABANS Pro,” which displayed phony profit margins and trading dashboards. After the victims made their investments, they were tricked into thinking their money was increasing by false information.

However, connectivity was suddenly interrupted when users tried to withdraw the purported winnings.

Officials

One complainant alone was duped of ₹38.55 lakh, while transactions worth over ₹2 crore are under investigation, all traced back to the same racket. These transactions occurred between January and April 2025, indicating a rapid and widespread operation within a short period.

On arresting Rizwan, police recovered:

●     2 mobile phones

●     6 SIM cards

●     3 debit cards

●     1 Aadhaar card

●     1 PAN card

●     1 fake company seal

These items were reportedly used to operate accounts and facilitate fraudulent transactions.

Multiple FIRs and a Nationwide Network

Thirteen distinct cybercrime cases have been filed against Rizwan in seven states—Delhi, Karnataka, Kerala, Maharashtra, West Bengal, and Uttarakhand—according to additional investigation.

Before this arrest, the West Bengal Police had already issued an immediate warrant against him.

A combined team led by SSP STF Shri Navneet Singh, which included Inspector Sharad Chaudhary, ASI Vinod Bisht, and constables Mohd. Usman, Vikas Rawat, Vikas Bhardwaj, Manoj Beniwal, Shadab Ali, Mahesh Uniyal, and Abhishek Bhatt.

The public has been cautioned by Shri Navneet Singh to be wary of high-return investment promises from unidentified sources, including Telegram channels, YouTube videos, and WhatsApp groups.

People are encouraged to contact the closest cyber police station or phone the 1930 cybercrime helpline right away if they suspect internet fraud.

About The Author

Suraj Koli is a content specialist in technical writing about cybersecurity & information security. He has written many amazing articles related to cybersecurity concepts, with the latest trends in cyber awareness and ethical hacking. Find out more about “Him.”

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