Overview
- Delhi Police said Monday they arrested software engineer Ravi Rathore, accused of running a fake trading app that took nearly Rs 100 crore, with two associates held in Bengaluru and Madhya Pradesh.
- Police say the platform showed fake profits, blocked withdrawals, and forced extra payments as “taxes” or “processing” fees, with the backend in Bengaluru and a Sanawad call center where devices and an SUV were seized.
- Police also described “digital arrest” cases that used fake CBI or police video calls to scare seniors into transfers, including an 87-year-old in Pune who lost Rs 3.46 crore, and a Surat arrest tied to flows routed through an ICICI account.
- In a separate case, Delhi cyber teams arrested two men from Jharkhand after a 65-year-old lost Rs 10.52 lakh through a malicious APK that grabbed banking access, with Rs 2.05 lakh frozen and five linked complaints found.
- Noida police busted a unit that pushed fake KYC APKs to hijack credit cards and buy gold or silver coins to resell, underscoring probes that now trace mule accounts and freeze funds as India tallied Rs 22,495 crore lost to cyber fraud in 2025.