crime
Hyderabad cops arrest Uttar Pradesh man involved in 23 trading fraud cases across India
Ankit Arora, a 38-year-old private employee from Uttar Pradesh, has been arrested in Hyderabad for his involvement in a trading fraud. He is linked to 23 similar cases across India. Arora supplied bank accounts to the main fraudster, Deepak Kumar, who is currently absconding. Kumar convinced victims to invest in stocks by offering free trading tips and promising huge profits. Arora’s accounts were used for transactions totaling Rs. 6 crores across 23 cases. Authorities have issued a Lookout Circular against Deepak Kumar. The police seized several items connected to the fraud, including a mobile phone, SIM cards, a passbook, and debit cards. The public is warned about fake investment schemes on social media platforms and advised to only use SEBI-approved apps and consult a SEBI-registered financial advisor.08:22 PM Mar 22, 2025 IST