Jaipur: Dholpur police Tuesday arrested a man from Noida for being part of a cyber fraud racket that swindled victims out of nearly Rs 28 crore under the guise of stock market investments. The accused was identified as 23-year-old Sagar Chaudhary from Aligarh in Uttar Pradesh.Police said Chaudhary was part of a gang that operated fake investment websites displaying unrealistic returns to attract people. Promises of double or triple returns were made through screenshots circulated in WhatsApp and Telegram groups, which were managed by the gang members. Once individuals deposited their money, the gang either shut down the websites or deactivated the accounts, cutting off all communication.Circle officer, Dholpur City, Munesh Kumar Meena said the case came to light after a complaint was lodged at the cyber police station on Sept 12 last year by a person who lost Rs 22 lakh. Investigations revealed that the accused had connections to similar complaints registered in various states, with the total fraud amount reaching nearly Rs 28 crore.During the raid in Noida, police recovered 8 mobile phones, 33 ATM cards, 6 chequebooks, 17 bank passbooks, a transaction diary, and a cash counting machine from Chaudhary’s possession. Efforts are ongoing to track down other members of the gang.
