46 Lakh Online Fraud Busted in Chandigarh

Chandigarh : In a major breakthrough, Chandigarh Cyber Cell has uncovered a high-value online trading scam, arresting two accused from Jaipur who allegedly duped victims of ₹46 lakh through a fraudulent scheme. The operation was carried out after detailed digital tracking and coordination, shedding light on a growing trend of cyber crimes committed via social media platforms.

The arrested individuals ran a fake online trading group on Facebook, luring unsuspecting members with promises of massive returns in forex and stock markets. The group displayed doctored profit screenshots and testimonials to gain the trust of potential victims. Once convinced, victims were instructed to transfer money to various bank accounts under the guise of investments.

According to officials, the accused meticulously planned their fraud, using fake identities, cloned SIM cards, and multiple bank accounts to receive the money. The Facebook group, which had over 2,000 members, was professionally managed to appear legitimate. Victims were added gradually and then engaged with fake success stories and false stock tips.

The complainant, a Chandigarh resident, approached the Cyber Cell after losing lakhs to the group. Investigations revealed a well-coordinated network that operated across state lines, and multiple victims are now believed to be involved in similar frauds by the same group. The Cyber Cell team traced the digital footprint of the transactions and located the accused in Jaipur.

During the arrest, the police seized mobile phones, laptops, fake identity documents, and SIM cards. Preliminary interrogation has revealed the existence of more such online groups operated by the same racket. Authorities are now working to identify additional members and possible victims.

Cyber Cell officials have urged citizens to remain cautious while joining online investment forums and to verify the authenticity of platforms before making any transactions. They highlighted that cyber fraud is evolving and social media platforms are increasingly being exploited to target educated and tech-savvy individuals.

This case serves as a reminder of the dangers lurking behind seemingly professional online groups and the importance of reporting suspicious activity immediately. The accused are currently in police custody and will be produced in court for further proceedings.