Overview
- Investigators arrested two men identified as Piyush Kumar and Jatin Khajotia after acting on technical intelligence on June 17, 2026.
- A complainant was lured with promises of high returns and transferred nearly Rs 80 lakh in multiple digital transactions that yielded no profits or repayment.
- Police used bank records, mobile data and digital forensics to map beneficiary or 'mule' accounts that received portions of the money.
- As part of recovery steps, officers have frozen shares worth about Rs 25 lakh linked to the scheme and say they have identified several beneficiary accounts to probe further.
- The case fits a common scam pattern where proceeds are routed through mule accounts and converted into market instruments, which complicates recovery and leaves victims facing large financial loss.