The Gurugram Police have recorded a total of 16,788 complaints related to cyber fraud, with an estimated monetary loss of Rs 125 crore, according to the Cyber Police Gurugram. So far, 21 individuals have been arrested in connection with these crimes.

On December 19, the Delhi Police apprehended a 21-year-old cyber fraudster, Ayan Das, from Kolkata. Authorities seized multiple items from him, including five mobile phones, a laptop, five chequebooks, 20 debit cards, one passbook, and three business stamps.

Das is alleged to have provided bank accounts to fraudsters on a commission basis, facilitating illicit transactions. The investigation began after a victim, Srinivasan, reported a cyber fraud involving Rs 23 lakh at the Cyber Police Station in South West Delhi.

Srinivasan had joined a WhatsApp group named “MFSL Stock Chat 40,” where administrators offered stock recommendations at discounted prices. After following the group’s advice for a month, he was invited to join the Marwadi Security Quota VIP fast trading account, where he transferred Rs 23 lakh to invest in the IPO of “Kronox Lab Sciences.”

The victim received 25,000 shares, and his portfolio value rose to Rs 39 lakh. However, when he tried to withdraw Rs 20 lakh, he was told to wait for a month’s end settlement. When he continued facing refusal and was asked to deposit more money to receive his payment, Srinivasan realized he had been scammed and reported the matter to the police. This led to the arrest of Ayan Das.