Punjab man arrested in Rs 55 lakh cyber fraud case

The Special Task Force (STF) has arrested a man from Punjab in connection with a cyber fraud case involving Rs 55.50 lakh. The suspect, identified as Sukhveer Singh, was apprehended in the Fazilka district.

According to officials, the fraud targeted a resident of Dehradun by using a WhatsApp group to pose as registered investment advisers from the Securities and Exchange Board of India (SEBI). The perpetrators allegedly used fake trading classes, demat accounts, and official-looking documents to deceive the victim into depositing funds into various bank accounts.

Investigators traced Rs 6 lakh of the stolen money to Singh’s bank account and identified six other cybercrime complaints linked to his account. A case has been registered at the Cyber Crime Police Station in Dehradun under the Bharatiya Nyaya Sanhita and the IT Act.