Investment Scam Bust: Man Arrested in Dehradun for Rs 46 Lakh Online Fraud Scheme

The suspect approached individuals soliciting substantial investments, which were subsequently misappropriated.

Itanagar:

Arunachal Pradesh Police have apprehended a man in Dehradun for allegedly defrauding multiple individuals of Rs 46.27 lakh through a fraudulent investment scheme. The suspect was subsequently transported to the northeastern state, according to an official statement released Friday.

A police team headed by sub-inspector R P Singh, with support from head constables Kanto Samyor and Lham Tsering, successfully located and arrested the suspect on October 13 following a month of extensive surveillance operations across Uttarakhand and Delhi regions.

According to the Arunachal Pradesh police officer, the suspect, who presented himself as a core team member and Northeast regional manager of a company purportedly running the investment scheme, had been conducting operations in Naharlagun since early 2023.

He enticed potential investors by promising exceptional returns from the company's alleged "business operations" through an online investment platform.

"The suspect falsely represented himself as a company official and approached individuals to invest significant sums, which were subsequently diverted," stated Naharlagun Superintendent of Police Nyelam Nega.

Investigations revealed that the suspect initially established credibility with his targets by presenting counterfeit credentials and fabricated investment documentation.

"The fraudulent scheme resulted in a collective financial loss exceeding Rs 46 lakh to the victims," the SP noted while warning the public about such deceptive operations.

He emphasized that individuals must exercise caution and verify the legitimacy of online platforms before committing financial investments, encouraging citizens to promptly report any suspicious activities.

Police authorities are now investigating whether the apprehended individual had local collaborators or broader network connections related to the fraud. The SP confirmed that investigations are ongoing.