PRESS RELEASE
 Arrests Fraudster Behind Online Investment Fraud Scheme
New Delhi | 19th May 2025

The Cyber Police Station, Outer North District has successfully apprehended the accused in a sophisticated online investment fraud targeting unsuspecting investors across North India. The arrest follows a meticulous investigation—sparked by a complaint from Mr. Vinay Singhal—into a counterfeit trading application that cheated the innocent under the guise of the “Aditya Birla Group Investment Group.”
Impersonation Scheme: Fraudsters posed as Aditya Birla Capital representatives via Instagram and WhatsApp.
Fake Trading App: Victim was instructed to download a bespoke app designed to mimic the genuine platform.
Digital Footprint Analysis: Tracing of transaction records and KYC documents led investigators to key shell companies and personal beneficiaries.
Raid & Evidence Seizure: On 16 May 2025 in Vangaon, Maharashtra, the team recovered mobile phones, a laptop, debit cards, pendrives, company stamp, cheque books, a passbook, and ₹80,000 in cash.

CASE BACKGROUND & INVESTIGATION

The Cyber Police Station, Outer North District has dismantled a sophisticated online investment fraud operation, leading to the arrest of the accused Jitendra Sharma. The investigation—sparked by a complaint from Mr. Vinay Singhal and formally registered as FIR No. 13/2025 (under Section 318(4) BNS) on 17 March 2025—uncovered a network of scammers impersonating a leading financial institution. A total of 3 connected complaints were received in Cyber Police Station comprising total cheated amount to be 48 lakhs.

INCIDENT
The complainant, Mr. Vinay Singhal, was induced via Instagram and WhatsApp to join a fraudulent investment group named “Aditya Birla Group Investment Group.” He was persuaded to download a fake trading app mimicking the official Aditya Birla Capital interface. Believing the investment scheme to be legitimate, he transferred various amounts to different bank account trusting the high returns showed by the fake app.

TEAM AND OPERATION
A specialized team under the leadership of Insp. Govind Singh (SHO/PS Cyber Crime-OND) executed a meticulously planned operation on 15/05/2025. A raid was conducted at Vangaon, Distt- Palghar, Maharashtra by SI Amit Ahlawat, HC Mandeep, HC Pawan, WHC Sobhagaywati & Raman under the strategic supervision of ACP/Operations Sh. Dinesh Kumar and Addl. DCP-II/OND Dr. Nirav Patel. The operation successfully apprehended the accused using digital surveillance and financial trail analysis.

MODUS OPERANDI
They created fake mobile trading apps that looked just like the real thing and promised huge returns to lure people in. Once victims transferred money, the scammers quickly moved it into shell-company and personal accounts. To hide their trail, they bought dormant bank accounts from individuals and used those for the fraudulent transfers, then withdrew the money before anyone could trace it back.

ACCUSED DETAILS
Name: Jitendra Sharma
Age: 29 (approximately)
Position: Managing Director
Company: OZOS Services India Pvt. Ltd.
Role in Fraud: Gave his company’s bank account (IDFC First Bank & HSBC Bank) in exchange of money.
Involvement: Direct Beneficiary account
The accused was previously arrested in Case FIR no. 11/25 u/s 318(4) BNS by the Faridabad Cyber Crime and was currently on bail, hiding in Vangaon, Palghar, Maharshtra.

RECOVERY FROM ACCUSED
4 Mobile phones
1 Laptop
1 Apple Watch
₹80,000 in cash
2 Debit cards
2 Pendrives containing transaction records
Company stamp
Cheque books
Bank passbook

CONNECTED COMPLAINTS

The investigation has uncovered that the account of the accused has been involved in 46 NCRP Complaints. The investigation is underway.

(NIDHIN VALSAN),IPS
DEPUTY COMMISSIONER OF POLICE
OUTER NORTH DISTRICT