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Uttar Pradesh STF Arrests Key Suspect in Multi-Crore IPO Fraud

The Uttar Pradesh Special Task Force has arrested Anurag Arvind Srivastava, a key suspect in a significant IPO investment fraud case. Captured in Nagpur, he was wanted for multiple offenses under the IPC and IT Act. During the arrest, authorities recovered various incriminating items, including fake seals and large sums of money. The investigation is ongoing as police seek to uncover the broader network involved in this scam. Read on for more details about this high-profile case.
By Narendra Chaudhary | Aug 4, 2026, 07:56 IST
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Major Arrest in IPO Investment Scam

Lucknow, August 3 - The Special Task Force (STF) of Uttar Pradesh Police has apprehended a wanted suspect linked to a multi-crore fraudulent IPO investment scheme in Nagpur, Maharashtra. Officials disclosed this information on Monday.


According to a statement from the STF, the individual has been identified as Anurag Arvind Srivastava, who was wanted in a case registered under various sections of the Indian Penal Code (IPC) and the Information Technology Act at the Lucknow Cyber Crime Police Station.


The STF reported that the suspect was arrested on July 31 from his residence in the Manakapur area of Nagpur district. During the raid, authorities seized a laptop, an iPhone, a Tata Nexon car, fake seals from three companies, 139 documents, six blank checkbooks, an unsigned check worth ₹3.17 crore, two other unsigned checks totaling ₹2.50 crore, a canceled check, and two SIM cards. Police are currently interrogating the suspect and investigating the involvement of others in the scam.


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