Yamunanagar police have registered a case against six accused in an alleged online investment fraud in which 44 people were cheated of nearly ₹50 lakh through a fake platform called “C Prime”. The scheme allegedly promised monthly returns of 5 percent and double profits on deposits while showing investors that their money was being placed in dollar-based trading.
The complaint was filed by Sunil Kumar Saini, a resident of Subhash Nagar in Roorkee, Haridwar. According to the complaint, the accused created the C Prime platform and linked it to a MetaTrader-based system to give the appearance of investments being made in US dollars and international financial markets.
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Fake Dollar Investment Platform Used to Lure Victims
Police said the accused allegedly projected C Prime as a secure foreign investment platform. Investors were told that their deposits would generate assured monthly returns and eventually double in value.
The accused named in the case include Jatinder Arora of Rampur Kamboyan, Mohit Rana, Gaurav and their spouses, among others. Reports suggest that the group used social contacts and personal networks to bring more people into the scheme.
Investigators found that the scheme began on November 15, 2024. Initially, small investors were shown profits to build confidence. As larger amounts were deposited, withdrawals were allegedly stopped and several accounts were later blocked.
44 Victims Allegedly Cheated of Nearly ₹50 Lakh
Victims told police that meetings were organised in Yamunanagar and nearby areas, where they were assured that their money was being handled through a secure foreign trading system. These meetings allegedly helped the accused gain trust and attract more investors.
Police findings indicate that transactions began from around 1,075 US dollars and later increased to more than 145,000 US dollars, amounting to nearly ₹50 lakh in Indian currency. Victims said they did not receive either their principal amount or the promised returns.
Several investors reported that their balances appeared to grow on the platform, but attempts to withdraw money failed. The platform’s display of profits, according to the complaint, was used to keep victims engaged and encourage further deposits.
Probe Expands to Fund Trail and Wider Links
Police are examining digital transactions, bank records, mobile numbers and communication trails linked to the accused. Officials are also looking into whether the case may be connected to larger illegal financial operations, including possible hawala links or foreign exchange violations.
Investigators believe such networks often operate across multiple regions, making it necessary to trace how the money was collected, routed and withdrawn. Authorities are expected to question the accused further to identify additional victims and financial beneficiaries.
Officials have urged citizens to remain cautious of online investment platforms promising high or guaranteed returns. They said fake trading platforms and social media-linked investment schemes often display artificial profits before blocking withdrawals and disappearing with investors’ money.
