Delhi doctor cheated of ₹22.7 lakh in fake stock trading app scam; two arrested
New Delhi: Delhi Police have busted a cyber fraud racket involving a fake stock trading application and arrested two men from Haryana for allegedly cheating a Delhi-based Doctor of ₹22.7 lakh, The Times of India reported.
The case came to light after the Doctor filed an online complaint on November 13, stating that she was duped through a fraudulent stock market investment scheme. According to police, she was added to a messaging group where several members posed as experienced stock market experts and discussed investment opportunities related to demat shares.
One of the group administrators, identifying herself as Yalini Guna, convinced the complainant to invest through a trading application shared via a link. Believing it to be genuine, the victim initially invested ₹2.7 lakh in multiple transactions. When she later attempted to withdraw the money, she was pressured to invest additional amounts under various excuses.
ALSO READ: Congress and NCP (SP) to contest separately in Nagpur civic polls
Over time, the total amount invested rose to ₹22.7 lakh. Soon after, the victim was blocked from the application and removed from the group, following which she realised she had been cheated. A case was then registered and a special team was formed to investigate the matter.
During the investigation, police tracked the money trail and identified that part of the defrauded amount had been transferred to a bank account belonging to Sameer (22), a resident of Hisar in Haryana. Analysis of call detail records further revealed the involvement of another accused, Dev Singh (22).
Based on the findings, police conducted raids in Hisar on November 10 and arrested both accused. “During interrogation, Sameer disclosed that he opened 5 to 6 bank accounts in different banks and handed them over to Dev Singh in exchange for Rs 4,000 per account, which were then used for routing the fraud money,” DCP Gautam said.
Police seized 2 mobile phones and 3 SIM cards from the accused. Both were sent to judicial custody.
Police said the accused targeted victims through social media platforms by posing as financial experts and luring them with promises of guaranteed high returns. Victims were initially shown small profits to gain trust and were later coaxed into investing larger sums. Once the money was transferred, the fraudsters cut off all communication.
Further investigation is underway, police said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions
Mumbai (PTI): The rupee appreciated 10 paise to 92.41 against the US dollar in early trade on Friday, even as the USD/INR pair faces risks from rising global tensions, especially the US-Iran conflict.
Forex traders said the rupee is likely to see high volatility intra-day as the deadline for RBI's instructions to banks to curb their overnight positions to USD 100 million closes today.
At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade, registering a gain of 10 paise over its previous close.
On Thursday, the rupee settled with a marginal gain of 3 paise at 92.51 against the US dollar.
"An estimated 80–85 per cent of these positions have already been unwound, which means the bulk of this supportive flow is now behind us. In simple terms, the cushion that held the rupee steady is beginning to thin, and this is where the story starts to shift," CR Forex Advisors MD Amit Pabari said.
Pabari further noted that looking ahead, the picture for the rupee appears to be changing. "With most of the NOP-related support now fading and global uncertainties still elevated, the scope for further strength seems limited. USDINR is likely to find a base in the 92.20–92.50 zone, with a gradual move higher towards 93.50–94.00 levels," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was higher by 0.07 per cent at 98.69 as the safe-haven demand has come down after the ceasefire, but as the ceasefire is fragile, the US dollar is getting bids at lower levels.
Brent crude, the global oil benchmark, was trading higher by 0.51 per cent at USD 96.44 per barrel in futures trade, as the ongoing uncertainty over the Strait of Hormuz opening is keeping the oil trade well bid.
Pabari further noted that just as domestic support begins to fade, the global backdrop is turning uneasy again. "The World Bank has flagged that India's growth for FY27, expected at 6.6 per cent, faces risks from rising global tensions, especially the Iran conflict," he said.
According to Pabari, India continues to have strong buffers in the form of forex reserves and a stable banking system, but pressure points are slowly beginning to build.
On the domestic equity market front, the stock markets witnessed a rebound in early trade. The 30-share Sensex jumped 630.08 points to 77,261.73, while the Nifty climbed 203.6 points to 23,978.70.
Foreign Institutional Investors offloaded equities worth Rs 1,711.19 crore on Thursday, according to exchange data.
_vb_63.jpeg)