New Delhi, Dec 17 (NationPress) The Cyber Cell of the Delhi Police Crime Branch has successfully dismantled a significant online stock trading scam involving ₹47.23 lakh, leading to the arrest of five additional suspects and revealing a cyber fraud syndicate allegedly operating under the direction of a Chinese national.

This latest round of arrests has brought the total number of individuals apprehended in this case to eight.

The suspects taken into custody have been named as Manshvi Dochak, Manish Mehra, Manjeet Singh, Sombir, and Atul Sharma. Earlier, three principal operatives, including Ashish Kumar alias Jack, were also arrested concerning the case registered under E-FIR No. 60000097/2025 at the Cyber Police Station in South East Delhi.

According to law enforcement, the case revolves around a Chartered Accountant who was lured into a Telegram group that promoted fraudulent stock trading schemes promising guaranteed daily returns under slogans like “Buy Today–Sell Tomorrow” and IPO rating deceptions. The victim was persuaded to invest ₹47.23 lakh over a span of two months through a deceiving website and multiple counterfeit trading applications. When he attempted to withdraw his investments, the fraudsters resorted to threats and extortion.

Investigations uncovered that ₹31.45 lakh of the defrauded sum was deposited into a current account associated with Harshita Furnitures & Interiors, from which ₹23.80 lakh was further transferred to Bubai Instant Shop OPC Pvt. Ltd., a shell company allegedly established to misappropriate the fraud proceeds. The syndicate had opened seven current accounts across various banks to launder the funds, using banking credentials linked to a staggering 1,167 FIRs and complaints reported on the National Cybercrime Reporting Portal.

It was also discovered that the accused were operating an office in Noida and were taking orders from Ashish Kumar alias Jack, who allegedly received directives from a Chinese national known as “Tom”. The network was also implicated in digital arrest scams.

Fourteen counterfeit investment and trading applications used in their fraud schemes have been identified. The arrests were made following comprehensive technical surveillance, call detail record analysis, and ground operations conducted in Gurugram and Haryana.

“Continued investigations are in progress to identify other beneficiaries, trace the money trail, and capture absconding associates, including Tom. This operation has not only led to the arrest of a total of eight operatives so far but has also dismantled a sophisticated cyber fraud network with international connections,” stated DCP Aditya Gautam.