Delhi Police have arrested two men in an online investment fraud case in which a complainant was allegedly cheated of approximately ₹80 lakh through promises of high returns from stock market-linked schemes. Investigators have frozen stocks worth about ₹25 lakh and established a money trail involving multiple beneficiary accounts.
Victim Promised Lucrative Stock Market Returns
According to a police press release, the complainant was induced to invest through assurances of attractive returns. Trusting those promises, he transferred money in multiple transactions, but allegedly received neither the promised profits nor his principal amount.
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A case was registered at Rajinder Nagar Police Station under FIR No. 182/2026 and Sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita. The investigation was assigned to Sub-Inspector Dharmendra.
A dedicated team was formed under the supervision of Shivam, ACP Karol Bagh, and led by Inspector Rajender Singh, Station House Officer of Rajinder Nagar Police Station.
Financial Trail Leads Police to Two Suspects
Police said the team examined bank accounts, transaction records, digital evidence and mobile data as part of a financial and technical investigation. Surveillance and analysis of beneficiary accounts helped investigators trace the movement of funds and identify the alleged participants.
The arrested men were identified as Piyush Kumar, 31, a resident of Karol Bagh in Delhi, and Jatin Khajotia, 31, a resident of Gurugram in Haryana. Police said Kumar was arrested from Hotel ITC Maurya in New Delhi, while Khajotia was detained in Gurugram following technical inputs and intelligence developed during the investigation.
During questioning, the accused allegedly admitted gaining the complainant’s trust and persuading him to invest in stock market-linked schemes by promising exceptionally high returns.
Further Assets and Beneficiaries Under Investigation
Police said a portion of the allegedly defrauded money had been routed through multiple beneficiary accounts and invested in stock market instruments, helping investigators establish the money trail.
Stocks valued at approximately ₹25 lakh have been frozen as part of recovery efforts. Authorities are tracing other financial assets suspected to be linked to the alleged proceeds.
Police are also verifying whether the accused were previously involved in similar cases. The investigation remains underway to identify additional beneficiaries, recover the remaining funds and examine the wider network allegedly connected to the online investment fraud.
