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Two held in Rs 6 crore stock market fraud, gave bank accounts to cyber gangs: Police

The accused were identified as Kulwant Singh and Devender Singh, police said.

September 19, 2025 / 17:20 IST
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Two held in Rs 6 crore stock market fraud, gave bank accounts to cyber gangs: Police

The Delhi Police has arrested two men for allegedly facilitating a multi-crore stock market fraud by providing their bank accounts to organised cyber syndicates, an official said on Friday.

The accused were identified as Kulwant Singh and Devender Singh, police said.

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They were found to have provided their bank accounts for laundering fraud money routed through bogus investment schemes, police said.

According to the police, the syndicate lured investors with promises of IPO funding and high-return stock market opportunities.