The police of the cyber crime police station operating under the CID have arrested Dinesh Jaiswal a resident of Shastri Nagar in Kadma police station area of Jamshedpur for orchestrating an investment fraud that duped a retired Army officer of ₹2.98 crore. The scheme involved a fake platform impersonating the Chicago Board of Options Exchange through a Telegram channel, luring the victim with promises of high returns in metal trading
Telegram Link Led to Fake CBOE Account, ₹2.98 Crore Lost
The retired colonel filed a First Information Report (FIR) at the Cyber Crime Police Station on July 28, 2025. According to his complaint, he clicked a Telegram-shared link—https://cboe-and-qwy-pages-dev/—connected to a platform called “Global India.” The link opened what appeared to be an online trading account with the Chicago Board of Options Exchange (CBOE). Enticed by promises of lucrative returns in metal trading, the victim was persuaded to invest. Over time, cybercriminals siphoned a total of ₹2.98 crore by transferring the money into multiple fraudulent accounts.
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Accused Traced Through Digital Footprints, Already Booked in ₹3.29 Crore Noida Scam
Investigators at the Cyber Crime Police Station tracked the fraudulent transactions and identified Dinesh Kumar Jaiswal as the accused. He was arrested after police traced the money trail connected to the scam. Notably, one of his bank accounts is already under investigation in a separate ₹3.29 crore investment fraud case registered at Sector 36 Police Station in Noida, Uttar Pradesh. Authorities are now gathering further details about linked bank accounts, digital wallets, and individuals associated with the wider interstate cybercrime network. In the course of the investigation, police discovered that ₹1.15 crore had been deposited in just one day into an IndusInd Bank account (number ending in 8570) tied to the current fraud. This account is now under scrutiny for possible links to other illicit financial operations.
Police Urge Public to Avoid Suspicious Investment Links
The police have issued a public advisory urging people to stay away from investment links circulated via platforms like YouTube, WhatsApp, Telegram, and Google Ads. Citizens are cautioned against registering on web portals or applications through such links or transferring funds to UPI IDs or bank accounts shared through messaging platforms.
Only government-approved investment apps should be used, and full verification should be done before putting money into any scheme.
How to Report a Cyber Fraud
Victims of cyber fraud are encouraged to immediately report incidents by calling the cyber helpline at 1930 or filing a complaint at www.cybercrime.gov.in. A written complaint should also be submitted at the nearest police station, cyber cell, or cyber crime police station.