Fake Online Trading Syndicate Busted: 4 Arrested in Kolkata, Lucknow; Rs 300 Cr Fraud Unearthed

• Delhi Police busted a fake online trading racket with alleged links to Cambodia-based operators, unearthing a fraud of over Rs 300 crore.
• Four key accused, Biswajit Mondal, Ashish Aggarwal, Rajib Shah, and Shubham Sharma, were apprehended from Kolkata and Lucknow.
• The syndicate lured victims with promises of high returns through fake trading apps and messaging groups like Ventura Securities, Go Market Global, and IPO Stock Trading.
• Fraudsters used rigged trading dashboards, initially crediting small returns to gain trust, then demanded fees for withdrawals, leading victims to lose money.
• The network operated using mule bank accounts, shell companies, and auto-sharing OTPs for seamless fund diversion, with links to cryptocurrency transactions in Cambodia.

Why It Matters: Delhi Police dismantled a Rs 300 crore fake online trading scam, arresting four and exposing international links.