Gurugram Cyber ​​Police busts stock market investment scam, arrests Punjab National Bank employee

The Gurugram Cyber ​​Police arrested three persons, including a bank employee, on charges of cyber fraud involving investment in fake stock market. This takes the total number of bank employees arrested in cyber fraud cases to eleven, police said on Friday.

The bank employee, identified as Devendra Sharma of Punjab National Bank (Jaipur Branch), allegedly provided bank accounts to the fraudsters. The accused convinced a resident of Gurugram to invest Rs 44.57 lakh with the promise of high returns in April.

An FIR was registered on April 17 after the victim realized that she had been cheated. Inspector Savit Kumar's team arrested Devendra Sharma, Imran, and Hasrat Ali (alias Happy) who all hail from Jaipur.

What was the procedure?
Investigation revealed that Devendra Sharma opened a fake firm account using documents provided by Imran and gave access to Happy. 1 lakh of the fraudulent amount was transferred to this account, which Happy then sold to the cyber thugs for Rs 1.5 lakh. Devendra and Imran allegedly received Rs 50,000 for facilitating the scam.

DCP (ACP Cyber) Siddhant Jain said, “We are currently interrogating the accused.

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