Massive Scam Uncovered: Pimpri Chinchwad Gang Defrauds Citizens in Stock Market Scheme, Operated Through 120 Bank Accounts

Pimpri Chinchwad Police PCPC
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Pimpri Chinchwad, 10th April 2024: The cyber cell of the Pimpri Chinchwad Police has cracked down on a gang involved in duping citizens through fake share trading apps, leading to the arrest of several individuals. This operation has unveiled a sophisticated scam that has swindled unsuspecting victims out of lakhs of rupees.

During the raid conducted by the cyber cell, authorities seized a significant amount of evidence, including Rs 7 lakh in cash, multiple mobile phones, a cash counting machine, debit cards from various banks, chequebooks from 12 different banks, and a passbook from Punjab National Bank. These items serve as crucial evidence in unraveling the intricate network of fraud orchestrated by the gang.

The arrested individuals implicated in this stock market fraud trading gang include Junaid Mukhtar Qureshi, Salman Mansoor Sheikh, Abdul Aziz Ansari, Akif Anwar, Arif Anwar Khan, and Tofiq Ghaffar Sheikh. Investigations have revealed that these perpetrators operated through nearly 120 bank accounts, through which they siphoned off crores of rupees from unsuspecting victims.

Further probes into the matter have unveiled that the mastermind behind this elaborate scheme is a foreign national currently residing in Thailand. Despite being geographically distant, this individual has orchestrated a sophisticated operation targeting residents of Pimpri Chinchwad.