Delhi Police Bust ₹22.7 Lakh WhatsApp Stock Trading Scam, Two Arrested from Haryana

December 30, 2025

New Delhi: In a major crackdown on cyber financial fraud, the Delhi Police on Tuesday dismantled a fake stock trading scam worth ₹22.7 lakh and arrested two suspects from Hisar in Haryana. The accused were part of a wider network running a counterfeit stock investment platform to deceive unsuspecting investors.

The matter surfaced on November 13 after a Delhi-based woman, identified as Amita Garg, lodged a complaint through the cyber crime portal. She reported that she had been added to a WhatsApp group titled “Stan Chart Dialogue Forum L7”, where the administrators regularly shared information about Demat shares and high-return investment opportunities.

One of the group admins, introducing herself as Yalini Guna, assured investors of substantial profits if they traded through an application allegedly developed by the group, named ‘SCIIHNW’. Attracted by the promise of quick gains, the complainant downloaded the app via a link shared in the group.

Police said the victim initially invested around ₹2,70,000 through 11 separate transactions. Each time she requested a withdrawal, the fraudsters imposed new conditions, forcing her to put in more money to “unlock” her profits. Over time, she deposited a total of ₹22,70,000 — but as soon as the gang received the funds, they blocked her access to the app.

Realizing she had been duped, the woman approached the cyber police. Based on her complaint, an e-FIR No. 29/2025 was registered under Sections 318(4)/340 of the Bharatiya Nyaya Sanhita (BNS) at PS Cyber ​​Shahdara. The investigation was handed over to Inspector Shweta Sharma, under the leadership of SHO Cyber ​​Vijay Kumar and the supervision of ACP Operations Mohinder Singh.

Money Trail Leads to Haryana

The cyber team began analyzing the financial trail through the NCRP portal and bank records supplied by the victim. The probe revealed that the defrauded amount had landed in a bank account in Hisar, Haryana, held by a man named Sameer.

Further examination of call detail records exposed other suspicious phone numbers linked to the scam. Acting on the leads, the investigative team reached Hisar on December 10 and identified Sameer and another suspect, Dev Singh, as key links in the fraud network.

The duo was taken into custody and interrogated. Sameer confessed that he opened five to six bank accounts in different banks and provided access to Dev Singh in exchange for ₹4,000 per account, which were later used to channel victims’ money.

The police seized two mobile phones and three SIM cards from their possession, which were used to operate accounts and communicate with victims.

The accused were produced before a court and have since been remanded to judicial custody.

How ​​the Scam Worked

The interrogation revealed that the gang operated a systematic digital fraud model:

Victims were approached on WhatsApp or Telegram under the pretext of stock trading mentorship.
Fraudsters posed as expert financial advisors with “insider knowledge”
Small initial investments were encouraged and fake profits were shown to build trust
Victims were then pushed to invest larger sums
Withdrawal requests were denied citing tax, compliance issues, or frozen accounts
Once maximum money was siphoned, victims were blocked or chats were deleted

The accused said multiple mule bank accounts were essential for receiving and instantly diverting funds, which is why people were paid to hand over their accounts.

Police Advisory

The cyber police have urged citizens to remain vigilant and avoid investment offers made through unofficial financial platforms or random social media groups. They also warned against installing unknown apps or sharing sensitive financial details online.

Investigation is underway to trace the kingpins and other members of the network involved in orchestrating fraudulent stock market schemes targeting multiple victims nationwide.