The Delhi police arrested a Chinese man named Fang Chenjin for being involved in a large cyber fraud of over ₹100 crore. According to DCP Shahdara, Prashant Gautam, Chenjin ran online stock trading scams. He used WhatsApp groups to trick and cheat people.

What was the scam?

The arrest happened after a man named Suresh Kolichiyil Achuthan filed a complaint. He was cheated into investing ₹43.5 lakh in fake stock market training programs. These programs were promoted through WhatsApp groups, and the scammers convinced people to keep investing money into different bank accounts they controlled.

Police investigations found that Chenjin's scam was linked to 17 complaints filed on the Cyber Crime Portal. All these complaints were connected to the same Fincare Bank account, which was used to handle the stolen money.

"The fraud was carried out through online stock trading scams orchestrated via WhatsApp groups, targeting individuals," said DCP Shahdara Prashant Gautam. Chenjin is also linked to major cybercrime and money laundering cases in Andhra Pradesh and Uttar Pradesh.

How did the police expose the fraud?

The police carefully investigated bank accounts, phone call records, and mobile phone activity. During their investigation, they discovered a bank account named "Maha Laxmi Traders" in Mundka, Delhi. This account was linked to many suspicious money transactions.

The police found that a mobile phone registered in Chenjin’s name was connected to the scam. They found evidence like WhatsApp chats and call records, which proved his role in the fraud. The messages showed that Chenjin was managing the scam and even recharged the phone number used for the fraudulent activities.

Chenjin, who resided in the Safdarjung Enclave of Delhi, was taken into custody. They also found important evidence with him. The Delhi police are still working on the case to find out if others were involved or connected to the scam.