Rs 80 lakh gone in fake stock tips: Delhi Police recover trail, freeze assets

The Central District Police of Delhi busted a major online investment fraud on June 21. Two accused persons have been arrested in connection with a fake stock market investment scheme that duped a victim of nearly Rs 80 lakh. The case has been registered at Rajinder Nagar Police Station.

The case

The complainant was approached with promises of high returns through stock market investment opportunities. Trusting the assurances of the accused, the victim transferred nearly Rs 80 lakh across multiple transactions. When the time came to claim returns, neither the profits nor the principal amount was returned.

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A case was registered under Sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS) at Rajinder Nagar Police Station following the complaint.

The investigation

Police constituted a special investigation team to probe the matter. The team examined bank accounts, transaction records, digital evidence, and mobile data to trace the movement of the defrauded funds.

Investigators carried out sustained technical surveillance on beneficiary accounts. This analysis helped identify the individuals behind the scheme and establish their roles in routing the money.

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The arrests

Based on technical inputs and intelligence gathered during the investigation, police moved against two suspects on June 17, 2026.

The first accused, Piyush Kumar, was arrested from a hotel in New Delhi. The second accused, Jatin Khajotia, was apprehended from Gurugram the same day.

During interrogation, both accused allegedly admitted to winning the victim’s confidence and persuading him to invest large sums by promising lucrative returns through stock market schemes.

Where the money went

Investigation revealed that a portion of the Rs 80 lakh had been routed through multiple beneficiary accounts. Some of the funds were also invested in stock market instruments.

Based on disclosures made by the accused, investigators established the money trail and identified assets acquired from the proceeds of the crime.

Shares frozen

As part of the recovery process, shares worth approximately Rs 25 lakh linked to the fraud have been frozen by the police. This marks a significant step in recovering a portion of the defrauded amount.

Beneficiary accounts connected to the proceeds have been identified. Efforts are underway to trace additional financial assets tied to the scheme.