Man loses Rs 5cr in trading fraud, 1 held in Ghaziabad

Ghaziabad: A 30-year-old man was arrested on Monday for allegedly a man of Rs Rs 5 crore on the pretext of online share trading. The accused also cheated an Indirapuram resident of more than Rs 55 lakh using the same modus operandi, earlier this year as well.
Tejpal Singh, a resident of Vasundhara, told cops in his police complaint filed on April 7 that he was added to a WhatsApp group and was coerced into opening an account on a fraudulent share trading website. Under the pretense of investment, Singh transferred a total of Rs 4,96,58,725 to various accounts from Dec 18, 2024, to March 22, 2025. So far, Rs 61,08,000 amount has been recovered.
Cops had also recently received a complaint on April 11 of a similar cyber fraud from Ram Kumar Aggarwal, a resident of Ahinsa Khand II in Indirapuram. He had been similarly added to a WhatsApp group and led to transfer money to the accused under the pretext of share trading. From February 21, 2025, to March 25, 2025, Aggarwal had transferred a total of Rs 55,50,000 to various accounts.
An FIR has been registered against the accused under BNS sections 318 (4) (cheating), 336 (3) (forgery for purpose of cheating), 338 (forgery for valuable security, will, etc.), 340 (forged document or electronic record) and relevant sections of the IT Act.
ADCP (Crime and Cyber) Piyush Kumar Singh said the accused told cops he was part of a gang of cyber criminals. They had created the website (www.ysts-vip.com) to cheat people. They would advertise the website on several social media platforms to cheat people.