Six held for duping real estate developer of Rs 3.7 crore in online stock market investment scam

new Delhi Six people have been arrested from multiple states for allegedly duping a real estate developer of over Rs 3.7 crore on the pretext of providing high returns through online stock market investments, police said on Wednesday.

The racket was being orchestrated by cybercriminals operating from abroad, while the arrested individuals managed mule bank accounts and handled the routing of cheated money within India, they said.

The accused were apprehended during multi-state coordinated raids conducted in Mumbai, Kota (Rajasthan), Noida and Lucknow, with authorities recovering nine mobile phones used in the crime, they said.