Bhopal
Through social media sites, the Special Task Force (STF) of Madhya Pradesh has exposed the biggest fraud so far by busting the gang that cheated by luring investors more benefits. In this action, two main accused have been arrested from Delhi. Information about fraud of Rs 2280 crore has been received from the accounts of the accused. While the amount of Rs 90 crore has been freezed.
The arrested accused have been identified as Madan Mohan Kumar and Deepak Sharma. Both of them used to contact people on platforms like Telegram and lure them to give huge returns by investing in BotBro trading in the name of illegal and unarmed companies like Yorker FX, Yorker Capital. Investigation revealed that he had prepared even fake software of robotic trading systems to carry out the fraud.
Fraud of 20 lakhs revealed
The case was revealed by the complaint of Ishaan Saluja, a resident of Indore, who invested in BotBro and paid Rs 20 lakh on getting 6-8% monthly profits. The accused first deposited an amount of Rs 10,000 in the accounts of Rainet Technology PVT LTD and then came to Indore from Delhi and recovered cash. When no return was received on investment, the victim A complaint was lodged in Bhopal.
Madhya Pradesh Special Task Force (STF) has arrested Deepak Sharma and Madan Mohan Kumar from Delhi for cheating more than Rs 2200 crore from thousands of people by luring huge benefits from investing in ‘Weight Bro’ trading. He has fraudulently fraudulently in the name of investment in companies named Yorker FX and Yorker Capital. About 90 crore rupees have been freeze in suspected bank accounts associated with the accused, that is, its use has been banned.
Speaking to reporters at State STF office Bhopal, Indore STF Superintendent of Police Naveen Chaudhary and Bhopal SP Rajesh Bhadoria said that both companies are unauthorized. The accused contacted people by forming separate groups in the Telegram app. In order to invest in 16 bank accounts in the name of investment.
He said that Ishaan Saluja, who hails from Indore, had a complaint of fraud of Rs 20 lakh 18 thousand in the name of giving a fixed benefit of 6-8 percent per month for investing in both companies. On this, a crime was registered under various sections of the Indian Code of Justice in STF Bhopal. After this, a special team was formed at the STF headquarters level for deliberations.
In the deliberation, it was found that the accused along with their colleagues submitted Ishaan Saluja in the name of registration in 18 thousand bank accounts. After this, the accused came to Indore by aircraft from Delhi and took 20 lakh rupees in the name of investment. Investigation has revealed that in the states of Maharashtra, Uttar Pradesh, Tamil Nadu Rajasthan, Himachal Pradesh, Assam etc. have registered a total of 12 crimes against the accused company Yorker FX, VFX and QFX.
STF investigation has revealed that the accused used to ask for the names of Bat Bro in the bank accounts of Renate Technology Prali and Kindcent Business Saluity Prali. It is shown as a US dollar in the Meta-5 account of Weight Bro. Along with this, the currency was changed to the Forex Market. Kindcent reported the trial balance in the year 2023-24, while between January 2023 and December 2024 received seven billion rupees.
Similarly, Rainet Technology reported a trial balance of seven crore 80 lakh rupees, while the company’s bank accounts got 15 billion 80 crore rupees between January 23 and December 24. The Enforcement Directorate (ED) is also investigating under the FEMA Act. The wires of disturbances are also expected to be connected from abroad.
