Cyber Police Bust ₹1 Crore Fake Trading App Scam, Two Arrested in Azamgarh

• Azamgarh Cyber Crime Police uncovered a major online fraud through a fake trading app called NEXT TRADE, amounting to approximately ₹1 crore.
• Two inter-state cyber criminals, Indrajeet De from Ujjain and Ankesh Dhakad from Indore (Kotak Mahindra Bank employee), were arrested.
• The gang lured victims via Facebook ads, promising high profits, and made them invest in a fake app; victim Ashok Kumar Agrawal lost ₹8,99,000.
• Funds were transferred to mule bank accounts and immediately withdrawn using pre-signed blank checks, indicating involvement of bank employees.
• Police recovered mobile phones, ATM cards, checkbooks, and cash; a search is ongoing for four absconding accused, including other bank employees.