Indore cyber police expose fake trading app fraud:₹1.16 crore cheated; 2 accused held in case

Indore State Cyber Cell has exposed a gang involved in cheating people through fake stock trading apps. Police have arrested two accused in the case. According to the complaint, the victim was lured with promises of high profits in the stock market and was made to transfer a total of ₹1.16 crore into multiple bank accounts. The complaint was first registered on the NCRP portal, after which an investigation was launched. Following the probe, cyber police registered a case under Crime No. 95/2025 under Sections 318(4), 319(2) of BNS and Section 66(D) of the IT Act. During investigation, it was found that the accused used to provide their bank accounts and SIM cards in exchange for commission, which were then used for the fraud. Based on this, police arrested Akash Chauhan (34) and Ashish alias Deepak Yadav (31), both residents of Indore, on 8 April. Both accused have been sent to jail after being produced in court. Police are now investigating other members and the wider network of the gang.