Delhi Police Arrest Four in Inter-State Fake Trading App Fraud of ₹45.25 Lakh

Police are tracing a handler called Max who allegedly coordinated mule accounts via Telegram.

Overview

The Crime Branch’s Inter-State Cell arrested Rishu Garg, Amit Giri, Deepak Joon alias Vikas, and Sunil Kumar alias Yash, with Renu Garg bound under legal provisions.
A Delhi resident was recruited via Twitter/X and WhatsApp to use a bogus trading app that displayed fabricated profits before access was cut off when withdrawal was attempted.
Investigators found the victim’s money moved through 15 transactions into eight bank accounts, with ₹4 lakh traced to Renu Garg’s account operated by her son.
Raids across Punjab, Rajasthan, Haryana, Uttar Pradesh, and Delhi led to the seizure of four mobile phones, six SIM cards, and bank account records linked to the racket.
Interrogations detailed mule-account facilitation, a net-banking credential handover, and a transaction limit increase to ₹1 crore, as one accused cited coordination with a handler known as Max.