The district police have arrested a man on Sunday in connection with an online trading fraud case and allegedly duping a woman of ₹ 11-lakh by luring her with promises of hefty returns.
Singh had allegedly provided his firm’s bank account to his associates for receiving proceeds of cyber fraud in exchange for a commission. He has been remanded in five-day police custody. Police are now investigating the money trail and the roles of other suspected members of the gang. Potential locations linked to the case in different states are also being examined.
A case was registered on October 17 at the cyber crime police station in Sector-20 under Sections 316(2) (criminal breach of trust), 318(4) (cheating), 338, 336(3), 340(2) and 61(2) (criminal conspiracy) of the Bharatiya Nyaya Sanhita (BNS).
The arrested accused identified as Gurvinder Singh, a native of Ambala district and currently residing in Mohali was arrested from the Raipur Rani area in Panchkula, according to police. Deputy commissioner of police (crime) Amrinder Singh said that the bank account involved in the fraud was linked to a firm based in Mohali.
