Brief by Shorts91 Newsdesk / 03:09am on 14 Apr 2024,Sunday India Global
Mumbai cyber police detained two individuals, Chandra Shekhar and Dilipkumar Chai, for a significant stock fraud. Shekhar, from Uttar Pradesh, and Chai, a Nepalese national, allegedly amassed Rs 4.5 crore by deceiving multiple Indian investors over two years. Their modus operandi involved persuading victims to deposit money into various accounts. Although 72 complaints have been lodged, authorities suspect more victims remain silent. Shekhar utilized multiple bank accounts to stash the ill-gotten gains. Efforts are underway to apprehend additional suspects who facilitated the operation by managing corporate accounts. The scam has left numerous investors grappling with financial losses.
