Delhi Police Uncovers Major Cyber Fraud Involving Fake Stock Trading App

Delhi Police has successfully dismantled a cyber fraud operation involving a fake stock trading app, arresting two suspects from Haryana. The scam, which defrauded a victim of ₹22.7 lakh, involved a complex scheme where victims were lured through social media and promised high returns on investments. After initial small investments, victims were pressured to invest larger sums, only to find their accounts frozen or blocked. This case highlights the growing threat of cyber fraud in the financial sector.

By Narendra Chaudhary Dec 30, 2025, 12:48 IST

Cyber Scam Exposed by Delhi Police

On December 30, the Delhi Police successfully dismantled a cyber scam worth ₹22.7 lakh, apprehending two suspects from Haryana linked to a fraudulent stock trading application.

The incident came to light when Amita Garg filed an online complaint on November 13, reporting a cyber fraud totaling ₹22,70,000. She claimed to have been added to a WhatsApp group titled 'Stan Chart Dialogue Forum L7'.

This group, managed by five administrators, frequently discussed Demat shares and stock market investments. One of the administrators, Yalini Guna, promoted an investment scheme via their app named 'SCIIHNW', asserting it would yield profitable shares.

Amita downloaded the app through a link provided in the group and initially invested ₹2,70,000 across 11 transactions. However, upon attempting to withdraw her funds, she faced numerous conditions and pressure to invest additional money.

Ultimately, she invested a total of ₹22,70,000. After the funds were transferred, the scammers blocked her access to the app. Realizing she had been scammed, Amita lodged a complaint on the cyber crime portal on November 13. An e-FIR No. 29/2025 was subsequently registered at PS Cyber Shahdara, Delhi, and assigned to Inspector Shweta Sharma for further investigation.

To address the case, a dedicated team was formed, including Inspector Shweta Sharma and several head constables, under the leadership of SHO PS Cyber Vijay Kumar and the oversight of ACP Operations Mohinder Singh.

The investigation revealed the bank accounts used for the transactions, leading to the identification of Sameer, a resident of Hisar, Haryana, as the account holder.

Call Detail Records (CDR) indicated the involvement of additional suspect numbers in the scam.

On December 10, the investigation team traveled to Hisar, where they identified Sameer and Dev Singh as the suspects. After confirming their involvement, both were taken into custody for questioning. Sameer admitted to opening multiple bank accounts and providing them to Dev Singh for a fee.

The police recovered two mobile phones and three SIM cards from the suspects, which were documented in a seizure memo. Both individuals were subsequently placed in judicial custody.

During the interrogation, it was uncovered that the fraudsters targeted victims via social media platforms like WhatsApp and Telegram, masquerading as financial experts or traders. They promised substantial returns on stock market investments.

Initially, victims were encouraged to invest small amounts, with the scammers showing fake profits or returning some funds to build trust. Once trust was established, victims were coaxed into investing larger sums with the lure of higher returns.

After significant investments were made, victims were either shown substantial losses or told their accounts were frozen due to tax or compliance issues. Once the fraudsters maximized their gains, they ceased communication or blocked the victims.