19-Year-Old BCom Student Creates Fake Company,’ Swindles Crores from 57 People
A scam worth one crore rupees was perpetrated through a call with a doctor from Chhattisgarh. When the police reached the clever fraudster, they were astonished to find that the scammer was only a 19-year-old boy studying in his second year of B.Com. He had already defrauded people across 15 states, completing nearly half a century of deceit.
Currently, Raipur police have arrested Ankit Singh, a resident of JJ Camp in South Delhi. During the investigation, it was revealed that the accused student and his friend had opened multiple bank accounts. The fraudulent amounts were transferred into these various accounts.
How Ankit Scammed People
During police questioning, Ankit revealed that he, along with his friend, had created a fake company. Subsequently, they opened accounts in different banks. These individuals lured people on social media with promises of high profits. Once people fell into their trap, they showed virtual profit amounts.
They deposited the money into their accounts under the pretense of withdrawals. In this way, the accused have scammed 57 people across several states including Delhi, Chandigarh, Punjab, Haryana, Uttar Pradesh, Gujarat, Andhra Pradesh, West Bengal, Maharashtra, Karnataka, Tamil Nadu, and Kerala.
Opening Accounts with Minors’ Money
The police investigation uncovered that Ankit was committing fraud with the help of minors. The police are also searching for these accomplices. The scammers transferred money into different accounts and reportedly even opened accounts in the names of minors, paying them in return.
The work was divided among the accused, with responsibilities including SIM card procurement, mobile handling, account opening, and trapping people.
How the Doctor Got Trapped
Dr. Sunil Kumar Diwanga, a resident of Ashok Ratan in Raipur, lodged a complaint at Pandari Police Station three months ago. He was informed that he could invest in the stock market. In January, he saw an advertisement on Facebook claiming huge profits could be earned by investing through an app.
The doctor clicked the link and then received a phone call. He was told he could earn more money from the stock market, but had to pay a 10% commission to the company. The scammers added the doctor to a WhatsApp group.
The doctor invested one crore rupees through the app. After a few days, five crore rupees began to appear in his virtual account. He was told that his money had multiplied many times. In exchange, a 10% commission was demanded. The doctor sent 2 crore 92 lakh rupees in 25 to 30 transactions to different accounts. When he tried to transfer money to his real bank account, it failed.
Raipur Police’s Statement
The police have seized the KYC of IDFC Bank account number 50605200514 and a check of 1,00,000 rupees from Kotak Mahindra Bank from the accused. The police reported that there are a total of 58 cases registered against the bank account numbers used in the crime on the cyber portal. They stated that any state or district in need can contact the Range Cyber Police Station, Raipur.
