Trading app fraud: A case of cheating people has come up in Maharashtra through fake trading apps. The police have caught 29 -year -old Jitendra Sharma from Vangaon in Palghar in this connection. He is accused of cheating more than 48 lakh rupees from many people using fake trading apps. He used to ask people to invest money in a fake trading app promising more profits. After the complaints received against him, the Delhi Police was looking for him for a long time and finally he was caught.

46 complaints filed against Jitendra

According to the police, Jitendra used to take himself to his deception by calling himself the manager of a private company. He used to collect money from the victims in the bank account of the same company. In lieu of this, he used to get commission. 46 complaints have been registered against his account on the National Cybercrime Reporting Portal.

A person named Vinay Singhal lodged a complaint on 17 March, after which the investigation started. Later, the police received three more similar complaints. All the victims were asked to download a fake trading app, which looked exactly like real. He was promised high returns on investments. All the money was deposited in the bank account mentioned by Jitendra.

It has been arrested earlier also

Jitendra used fake companies and old or not used bank accounts to move around the stolen amount. Therefore, it was difficult for the police to find out the stolen money. He was earlier arrested for a similar crime in Faridabad and was out on bail.

Jitendra caught on 16 May

On 16 May, the police raided her hideout and arrested her. Police recovered four mobile phones, a laptop, a smartwatch, Rs 80,000 cash, debit card, transaction record pen drive, company seal, check book and bank passbook from him.

According to the report of news agency PTI, Deputy Police Commissioner Nidhin Walson said that by examining digital footprint and KYC documents, Jitendra was successful in catching it. The police is now searching for other people involved in the scam and is trying to recover the money.

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