Surat police arrest two for involvement in 27 lakh rupee stock market scam

Surat City Police's cyber crime cell has arrested two individuals in Ahmedabad for their involvement in a stock market investment scam. The suspects, identified as Sameerkhan Pathan and Mohammad Sheikh, allegedly provided their bank accounts to a cyber gang in exchange for commissions.

The fraud involved a victim being lured via WhatsApp with promises of high profits through a fake trading website. The victim was deceived into transferring 27 lakh rupees into various accounts. Investigations revealed that the bank account used in this specific case was linked to 14 different complaints on the National Cyber Crime Reporting Portal, involving a total of 8.93 crore rupees in online fraud across the country.