Indore (Madhya Pradesh): The State Cyber Cell arrested nine members of a gang from Uttar Pradesh for duping a retired general manager of a renowned company based in Mumbai of Rs 1.39 crore. The accused, including students of law, cyber law, civil engineering, and business administration, as well as the account holder who received the fraudulent money, were arrested in connection with the same, and further investigations are underway.

GM lured by social media ads claiming huge returns

According to SP (cyber cell), the victim, a resident of Indore, came across a stock trading advertisement on a social media platform and joined a group run by the gang. He was, then, lured with false promises of 490% profit through institutional stock trading, OTC (over-the-counter) trading, IPO trades and

See Full Page