Delhi Police busts Rs 31-lakh IPO fraud, nabs 3 men from Saharanpur

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News18•10-02-2026, 20:00
Delhi Police busts Rs 31-lakh IPO fraud, nabs 3 men from Saharanpur
- •Delhi Police arrested Sarvjeet, 35, and bound down Pawan, 33, and Puneet, 32, all from Saharanpur, UP.
- •The accused are linked to a Rs 31-lakh online IPO fraud.
- •Sarvjeet provided a mule bank account of a society for money, which was then used by co-accused.
- •Victim, an MNC employee, was lured by fake websites posing as a reputed investment company, promised high returns.
- •The gang created fraudulent online investment portals and used poor, unemployed individuals to open mule bank accounts for routing stolen money.
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