Delhi Police Busts Rs 300 Crore Online Trading Scam; Four Arrested from Kolkata, Lucknow
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News18•24-01-2026, 17:45
Delhi Police Busts Rs 300 Crore Online Trading Scam; Four Arrested from Kolkata, Lucknow
- •Delhi Police's Inter-State Cell (ISC) of the Crime Branch busted a massive online trading scam, arresting four key accused from Kolkata and Lucknow.
- •The scam lured victims with promises of high returns through fake trading apps and Telegram groups like "Ventura Securities" and "Go Market Global," impersonating legitimate brokers.
- •Fraudulent apps displayed manipulated dashboards showing fictitious profits, and victims were encouraged to invest larger sums after initial small "profits" were credited.
- •Demands for taxes, fees, or "activation charges" were made for withdrawals, leading to complete loss for victims; the platforms lacked regulatory approval.
- •The investigation uncovered a Kolkata-based syndicate creating shell companies and supplying fraudulent bank accounts, with links to Cambodia-based operators handling crypto transactions.
Why It Matters: Delhi Police dismantled a sophisticated Rs 300 crore online trading scam, arresting four and exposing a wide network.
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